Public companies with Crypto treasures face fall in the price of their shares: Bloomberg

Public companies that accumulate cryptocurrencies face an abrupt fall in their shares and a brake on their purchases of Bitcoin, generating doubts about the sustainability of this financial model.

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• The dats suffer strong falls in the stock market and in their cryptocurrency holdings.
• Strategy and Metaplenet They show vulnerability despite their leadership.
• The purchase rhythm of Bitcoin It falls 86% since its peak seen for 2025.

The so -called Digital Asset Treasury Companies (Dats, for its acronym in English) are going through a critical moment. These public firms, created to buy and maintain cryptocurrencies in their balances, were promoted as stock access vehicles to the rise of digital assets. However, as associated actions and tokens collapse, market confidence begins to fade.

Despite optimism in financial markets in the face of a possible reduction in rates of the Federal Reserve (Fed)the DATS They are still down. According to the firm Architect Partners, Among 15 tracked companies, the weekly drop average was 15%, evidencing a widespread trend of setback, indicates Bloomberg In a recent report.

Emblematic cases and price drop

According to the report of Bloomberg, Some companies illustrate the magnitude of correction. Alt5 Sigma Corp., With token holdings WLFI linked to World Liberty Financial, Related to Donald Trump, he lost about 50% in just over a week. Kindly MD Inc.with Bitcoin Through its subsidiary Nakamoto Holdings, around 80% collapsed since its Mayor in May. Also companies linked to Ethereum and Solarium They have suffered, dragging the value of their tokens in accounting books.

Ed chin, co -founder of Capital parataxis, He said that in the United States “There are too many and with very little differentiation”despite having recently invested in a treasury of Bitcoin In South Korea.

Shopping Bitcoin downhill

The mass purchase model of Bitcoin Show signals of exhaustion. Data from Cryptoquant indicate that the DATs acquired only 14,800 BTC In August, compared to 66,000 BTC In June.

In addition, the average purchase size fell to 343 BTC Last month, an 86% decrease compared to the 2025 peak. The total growth was drastically reduced, moving from an accumulation rate of 163% in March to just 8% in August.

This change reflects both the deterioration of market feeling and structural cooling in the business model. The figures suggest that even the largest, such as Strategy and his Japanese counterpart Metaplanet, They are feeling the pressure.

Financial risks and new instruments

In recent months, DATS they experienced with complex financial products: loans supported in Bitcoin, Convertibles linked to tokens and indexed bonds to the value of the cryptoactive.

An example is SMARTER WEB CO.which issued a bond referenced to the price of Bitcoin instead of pounds sterling. According to his CEO Andrew Webley, only 5% of the Treasury is exposed to the instrument, which he considers less risky than traditional debt.

However, these strategies have converted income search into an act of dangerous balance. By superimposing risks in volatile assets, some firms exchange potential profits for immediate yields, reducing the margin of error.

Capitalization, Emissions and Regulations

Nasdaq began to demand that some tokenized companies seek shareholders approval before issuing new shares to finance cryptocurrency purchases, playing a fundamental pillar of the model DAT: Raise capital without borrowing.

Strategy, along with Metaplanet, It registered significant falls after a year of explosive growth. In addition, the company led by Michael Saylor was out of index S&P 500 In the last recomposition, despite complying with eligibility criteria. On Monday the company bought some USD $ 217 million in Bitcoin through capital collected as a result of the sale of shares.

Sector perspective and investors

Two prime, Signature offered by backed loans in Bitcoin, an increase in DATS applications reported. Its CEO Alexander Blume mentioned that they now have USD $ 1,250 million in active loans and that they introduced a new scheme with payment to the expiration to relieve monthly pressures.

However, some investors question the logic of the model. Travis Kling, cio de Ikigai Asset Management, He affirmed that he has not yet been able to buy shares of these companies, describing the phenomenon as “The last sigh of a cycle that could not invent anything better than this ridicule.”

The future of DATS It might not be an abrupt collapse, but a slow fading: action share prices, lower tokens purchases and consolidation through acquisitions. In a scenario of lower appetite for risk, the promise of indirect access to cryptocurrencies via public actions loses appeal against direct possession or ETFs.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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