From Bold Bet to Systemic Risk? Digital Asset Treasury Firms Confront the Costs of Conviction

Digital Asset Treasury (DAT) firms have emerged as a key narrative in 2025, with many institutional players betting big on digital assets as part of their balance-sheet strategies. However, the volatility in crypto markets has put these treasury models to the test. This raises a critical question: Are firms truly strong enough to sustain their digital asset treasury strategies—or have many simply copied (Micro) Strategy’s high-profile playbook amid the hype? To find out, BeInCrypto consulted several leading experts to delve deeper into whether these companies can endure the current market environment or risk triggering broader systemic stress. What Are DATs?  DAT firms, or Digital Asset Treasury companies, are publicly traded companies that acquire digital assets as a core part of their business strategy source: https://beincrypto.com/digital-asset-treasury-firms-survival/