Crypto treasury model loses its edge as stock premiums fade: DWF
Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets.


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Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets.

The value of the Bitcoin treasury company's holdings peaked at over $711 million in October 2025, when BTC hit an all-time high of about $126,000.

Late 2025 data shows subtle shifts in spot, contract rates amid carrier exits The post U.S. Bank, DAT launch quarterly truck freight rates report appeared firs…

DAT's purchase of Convoy's tech stack has its first big partner: AscendTMS. The post 3-way combo emerges for digital load matching: DAT, AscendTMS and Convoy a…

The volatility of the cryptocurrency market is threatening the stability of corporate crypto treasury companies, resulting in larger swings in their net asset…

"Pure play" digital asset treasury companies will have to contend with volatility tied to the net asset value of their token holdings if they don't build succe…

Information asymmetry and front-running behaviors are migrating from token markets to institutional products like DATs, warns Shane Molidor of Forgd.

Ether treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH's potential to fall below $2,500 may fur…

BitMine's $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research.

Metaplanet CEO Simon Gerovich said JPX's concerns are with companies that feature poor approvals and insisted the critique doesn't apply to them.

The latest crypto downturn is hammering companies that built their business models around holding digital assets.

With three recent acquisitions, DAT is seeking to redefine itself through the supply chain. The post DAT execs in two forums discuss how it seeks to reshape th…

. Industry leaders are convinced that Bitcoin and the cryptocurrency ecosystem are set to take over financial infrastructure and swallow trillions of dollars o…

. Ethereum co-founder Joseph Lubin believes ETH-based digital asset treasuries will become a "Berkshire Hathaway-style†vehicle for the decentralized economy…

. Crypto treasury companies are already capitalizing on highly volatile digital assets, and tokenizing company shares introduces new risks..

. Hong Kong's $500-million HashKey Fund shows how DATs could reshape Bitcoin and Ether treasuries with compliance, diversification and transparency..

DAT Freight & Analytics has announced the acquisition of the Convoy platform from Flexport. Sources suggest the price was around $250m in cash. DAT intends to…

Flexport is selling the Convy tech stack to DAT, less than two years after it bought it from the defunct digital brokerage.. The post Less than 2 years after F…

DAT and OTR, one-time partners involved in a lawsuit over factoring, have settled a legal dispute.. The post DAT and OTR, embroiled in dispute over factoring,…

A legal battle between DAT and OTR Solutions has been decided in favor of OTR.. The post Georgia court determines DAT violated factoring non-compete with OTR C…

DAT is positioning itself not just as a load board, but as the freight industry's central exchange through its acquisition of factoring and fintech provider Ou…
DAT, the dominant leader in the load board business, has sneaked an abusive and predatory term into its agreements with clients. No one should ever sign DAT's…

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