Monthly inflows into digital asset treasury (DAT) companies have slowed to about $555 million, the lowest levels since October 2024, the month before the 2024 US election pump, according to data from DeFiLlama.

Inflows into digital asset treasury companies slipped to about $32.4 million ahead of the election, then rebounded to more than $12.3 billion following the results of the 2024 elections in the United States and a pro-crypto regulatory shift, DeFiLlama’s data shows.

Treasury inflows contracted in 2025 and remained well below $10 billion in monthly inflows until August 2025, before sharply falling again.

Digital asset treasury companies have faced a challenging business environment over the last year, which was made worse by the…