Crypto Market Downturn Hits Digital Asset Treasuries

Recent Crypto Market Downturn Hits Digital Asset Treasury Companies HardThe crypto markets recent struggles have significantly impacted digital asset treasury companies (DATs), which built their business models around holding large amounts of cryptocurrencies like Bitcoin and Ethereum. A notable drop in the crypto market has led to substantial stock price declines for many DATs, with some seeing over fifty percent and eighty percent drops. This market volatility has raised concerns among experts, as it may force some companies to sell off their holdings to cover operational costs. However, major institutions like Harvard University are still increasing their crypto holdings, indicating a contrasting long-term view on crypto. The future of DATs remains uncertain, with smaller or riskier companies potentially facing more challenges and larger players expected to weather the storm, but still vulnerable to continued bearish price action in the crypto market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.