Investors scramble to pick new winners among smouldering crypto treasury firms. ‘Premium era is over’ – DL News
- Only high-quality Bitcoin and Ethereum treasuries will survive the 2026 shakeout.
- Strategy’s $1.4 billion cash reserve provides a model for weathering bear markets.
- Expect M&A consolidation as weaker treasuries fail.
Public companies beefing up their balance sheets with billions in crypto was one of the year’s biggest trades.
But in 2026, digital asset treasury competition will shift from a land grab to a survival-of-the-fittest.
“There will always be a place for high-quality DATs as stock market investors look for ways to get leveraged crypto exposure,” Dom Kwok, a former Goldman Sachs analyst who co-founded development platform EasyA, told DL News.
“Only the highest quality DATs will survive.”
Digital asset treasuries are…
