Bloomberg: Increased selling pressure on publicly traded crypto treasury companies could trigger a chain reaction of market risks.

Crypto asset treasury public companies (DATs), which drove the market rally last year, are now facing the risk of a chain reaction due to increased selling pressure. Data shows that since Bitcoin fell nearly half from its high of $126,000 last October, the median share price of the 150 largest DATs has fallen by 62%, even more than Bitcoin's decline. Hayden Hughes, managing partner of Tokenize Capital, points out that DATs with no operating revenue and relying solely on accumulating crypto assets will be forced to sell their holdings to stay afloat, potentially shaking investor confidence in their "long-term hold" narrative and triggering a broader contagion of market sentiment. (Bloomberg)