Bloomberg: Rising Selling Pressure on Crypto Treasury-Listed Companies May Trigger Market Chain Risks

Odaily News: Crypto asset treasury-listed companies (DATs), after driving market gains last year, are now facing the issue of triggering market chain risks due to increasing selling pressure. Data shows that since Bitcoin fell nearly half from its high of $126,000 last October, the median stock price of the 150 largest DATs has dropped by 62%, a decline even exceeding that of Bitcoin. Hayden Hughes, Managing Partner at Tokenize Capital, analyzed that DATs without operating revenue, relying solely on hoarding crypto assets, will be forced to sell their holdings to sustain operations. This could shake investor confidence in their "long-term diamond hands" narrative, potentially leading to broader market sentiment contagion. (Bloomberg)