What changed
Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets Crypto treasury model loses its edge as stock premiums fade: DWF
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets
Trading lens
Use this as watchful context from cointelegraph.com. Watch whether crypto treasury model loses its edge as stock premiums fade: DWF confirms momentum, invalidates active bias, or changes timing.