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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Crypto treasury model loses its edge as stock premiums fade: DWF
What happened
Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets.
Reported details
- Recently, DWF Ventures published a report revealing that the corporate crypto treasury model faces a critical turning point as the premium over the value of its holdings fades. The study detailed that only four of the top twenty digital asset treasury (DAT) firms by assets under management trade above their net asset value (mNAV greater … Read more
What the sources establish
The identified reports describe the same recent event. This brief preserves the source links and verification time so readers can inspect the original reporting.
Why it matters for RWA markets
The material question is how the event affects institutional participation, tokenization infrastructure, issuer economics, market access, or regulatory positioning. The report does not turn that relevance into an endorsement.
Evidence boundary
Terms, figures, counterparties, and consequences not stated in the linked reports are not inferred. Material updates require a dated revision and an additional source check.
What to watch next
- Official company statements, filings, and transaction documents.
- Details on custody, settlement, eligibility, and tokenization scope.
- Regulatory disclosures or corrections to the reported figures.
Sources and editorial check time
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Cointelegraph: https://cointelegraph.com/news/crypto-treasury-firms-below-nav-sequans-bitcoin-exit
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Crypto Economy RWA: https://crypto-economy.com/dwf-report-says-fading-stock-premiums-are-hurting-crypto-treasury-model/
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Editorial source check time: 2026-09-24T22:16:10.563Z
This information is educational and is not financial or legal advice.