What is the impact of digital asset treasury (DAT) companies on the crypto market?

DAT companies now hold a significant portion of major cryptocurrencies like bitcoin, ether, and solana, potentially impacting their prices.

How are DAT companies responding to the crypto market downturn?

Many DAT companies are expanding into less popular, more volatile tokens in an attempt to amplify returns, raising concerns about increased market volatility.

What happened to retail investors who bought shares in high-profile bitcoin DAT companies?

Retail investors lost around $17 billion on trades involving these companies as their stock prices declined.

Home / Business and Economy / Crypto Firms Bet on Exotic Tokens Amid Market Slump, Raising Volatility Concerns

Crypto Firms Bet on Exotic Tokens Amid Market Slump, Raising Volatility Concerns

11 Nov

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Summary

Crypto treasury firms expand into less popular, volatile tokens
Investors lose $17 billion on high-profile bitcoin treasury stocks
Crypto holdings now make up 4% of bitcoin, 3.1% of ether, 0.8% of solana

Crypto Firms Bet on Exotic Tokens Amid Market Slump, Raising Volatility Concerns

In the face of a cooling crypto market, companies that had been focused on stockpiling bitcoin and other major cryptocurrencies are now turning to more speculative, volatile tokens in a bid to amplify returns. This shift has raised concerns about increased market volatility and potential hazards for investors.

As of September 2025, there were at least 200 digital asset treasury (DAT) companies, mostly focused on bitcoin, with a combined capitalization of around $150 billion. However, as bitcoin prices have sagged, these firms are now expanding into esoteric and less liquid cryptocurrencies, a move that experts warn could significantly increase the risks.