Bloomberg: DAT company stock has fallen sharply this year, with a median decline of 43%.
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TL;DR
Bloomberg reports that US and Canadian crypto asset treasury (DAT) company stocks have sharply declined this year, with a median drop of 43% and some falling over 99%, due to shifting investor sentiment and financial burdens.
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Layer 1Halving TokensBloombergDAT companiesstock declinecrypto assetsinvestor sentiment
According to Bloomberg, as reported by Mars Finance, shares of US- and Canadian-listed crypto asset treasury (DAT) companies have plummeted this year, with a median decline of 43% and some companies experiencing drops exceeding 99%. Previously, these companies raised funds to purchase Bitcoin or other tokens, causing their share prices to surge as their holdings increased. However, investor sentiment quickly shifted as token holdings no longer generated returns, and the burden of debt interest and dividends intensified. SharpLink Gaming's share price has fallen 86% from its peak, Greenlane Holdings has dropped over 99%, and Alt5 Sigma, backed by the Trump family, has also fallen approximately 86%. Strategy's share price has fallen 38% this year.