More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand for the DAT model.
Summary
- More than a dozen crypto treasury companies have pivoted toward AI as investor enthusiasm fades.
- K Wave shares fell 71% after its data-centre shift failed to restore market confidence quickly.
- Falling crypto prices and compressed treasury premiums are pushing listed firms toward new operating businesses.
Bloomberg reported that the shifts have not stopped steep share declines.
K Wave Media has fallen about 71% since its May pivot. Lixte Biotechnology and Alpha Compute have each dropped…
