Crypto Turmoil Rattles Digital Asset Treasury Firms
Shares in companies that stockpile Bitcoin and other crypto tokens are under pressure amid fresh turbulence in the cryptocurrency market. These so-called ‘Digital Asset Treasury’ (DAT) firms have seen their values decline, sparking worries about potential instability in this rapidly expanding sector. The rise in DAT companies, spurred by factors such as the success of Michael Saylor’s Strategy and favourable crypto policies, has led to a boom in publicly traded entities investing in cryptocurrencies with the expectation of price appreciation.
However, recent concerns surrounding a possible AI bubble and uncertainties regarding potential interest rate cuts by the U.S. Federal Reserve have negatively impacted risk assets. This…
