Bloomberg: Crypto Treasury Holdings Listed Companies See Selling Pressure Surge, Potentially Triggering Market Systemic Risk
BlockBeats News, February 6th, after driving the market up last year, Cryptocurrency Asset Treasury Stock (DATs) are now facing the issue of market systemic risk due to increased selling pressure. Data shows that since Bitcoin fell from a high of $126,000 in October last year to nearly half, the median stock price of the top 150 DATs has fallen by 62%, even more than Bitcoin.
Hayden Hughes, Managing Partner of Tokenize Capital, pointed out in the analysis that DATs with no revenue and relying solely on hoarded cryptocurrency will be forced to sell their holdings to maintain operations, which may shake investor confidence in their "long-term HODL" narrative, leading to a broader market sentiment contagion. (Bloomberg)
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