🇺🇸🇨🇦 Bloomberg reports that the median stock price of US and Canadian-listed companies that converted their cash holdings to speculative cryptocurrencies, like Bitcoin and Ethereum, decreased by 43% this year.

https://www.benzinga.com/crypto/cryptocurrency/25/12/49246749/public-companies-crypto-strategy-backfires-from-2600-gains-to-86-losses?ref=activitypub

#US #CA #DAT #DATCo

Public Companies' Crypto Strategy Backfires: From 2600% Gains To 86% Losses

Public companies that heavily invested in cryptocurrencies are now facing significant financial losses. The once promising investment strategy has seen share prices plummet, leaving firms grappling with the aftermath.

Benzinga

Context: Michael Saylor’s Strategy Inc ($MSTR) popularized the idea of a publicly-traded company buying and holding speculative cryptocurrencies in 2020. Digital asset treasuries (DATs) hoped to outperform the market and price of the cryptocurrencies.

The popularity in 2025 made little sense, as the SEC approved cryptocurrency assets for exchange-traded funds (ETFs) in 2024.

Further reading:

https://www.forbes.com/sites/digital-assets/2025/09/23/the-rise-and-reality-of-digital-asset-treasury-companies/?ref=activitypub

https://www.cnbc.com/2025/12/02/dat-digital-asset-treasury-companies-explained.html?ref=activitypub

#DAT #DATCo

The Rise And Reality Of Digital Asset Treasury Companies

As Digital Asset market mature, permanent capital vehicles offer an attractive way to fund growth. DATCOs, like MLPs and REITs will need to balance risks vs rewards.

Forbes