According to Bloomberg, the stocks of Digital Asset Treasury (DAT) companies listed in the US and Canada have plummeted significantly this year, with a median drop of 43% and some companies experiencing declines of over 99%. Previously, these companies raised funds to purchase Bitcoin or other tokens, and their stock prices soared along with their holdings. However, as holding tokens does not generate income and the burden of debt interest and dividends increased, investor sentiment shifted sharply. SharpLink Gaming's stock price has fallen 86% from its peak, Greenlane Holdings has dropped more than 99%, and Alt5 Sigma, backed by the Trump family, has also fallen by about 86%. Strategy's stock price has declined 38% so far this year.
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According to Bloomberg, the stocks of Digital Asset Treasury (DAT) companies listed in the US and Canada have plummeted significantly this year, with a median drop of 43% and some companies experiencing declines of over 99%. Previously, these companies raised funds to purchase Bitcoin or other tokens, and their stock prices soared along with their holdings. However, as holding tokens does not generate income and the burden of debt interest and dividends increased, investor sentiment shifted sharply. SharpLink Gaming's stock price has fallen 86% from its peak, Greenlane Holdings has dropped more than 99%, and Alt5 Sigma, backed by the Trump family, has also fallen by about 86%. Strategy's stock price has declined 38% so far this year.