Upexi Chief Strategy Officer: DATs May Attempt to Create Value Through Generating Returns, New Revenue Streams, and Selective M&A

Odaily News Upexi Chief Strategy Officer Rudick stated that Digital Asset Trusts (DATs) may attempt to create value by generating returns, developing new revenue streams, and pursuing selective mergers and acquisitions, but he does not anticipate widespread consolidation.

"I don't expect a significant amount of M&A among DATs because sellers lack the incentive to sell below 1.0x mNAV (multiple of net asset value), as they can sell the assets at par in the market," Rudick said. "At the same time, buyers lack the rationale to acquire a DAT above 1.0x mNAV, as they can simply purchase those assets directly in the market."