📉 Bloomberg: The stocks of DAT companies are falling sharply in 2025 —
What is happening?
This year has not been easy for DAT (Digital Asset Treasury) companies — firms listed in the U.S. and Canada that hold Bitcoin or other tokens as part of their treasury.
According to Bloomberg, these stocks have suffered a median drop of 43%, and some companies have even seen declines of more than 99%. 😬
🔍 Why the drop?
In previous years, many of these companies bought BTC and other crypto assets using financing or debt, which initially drove up their stock prices when the value of those tokens rose.
But now:
Holding tokens does not generate real income.
Debts, interests, and dividends continue to accumulate.
And investors have become more cautious.
Result: enthusiasm faded quickly.
📊 Highlighted examples
SharpLink Gaming: -86% from its peak.
Greenlane Holdings: more than -99%.
Alt5 Sigma (backed by the Trump family): -86%.
Strategy: -38% year-to-date.
🧠 Final reflection
This scenario reminds us of a key point: having crypto on the balance sheet does not replace a solid business model.
Investors are looking for companies that generate real cash flow, not just those that accumulate tokens.
Do you think these companies can recover if the market turns bullish? 🚀
Leave your opinion below 👇
