📊 Crypto Treasury Stocks Lose Their Premium as Most Trade Below Holdings Value

A new report from DWF Ventures highlights growing pressure on the crypto treasury company model. According to the report, only 4 of the 20 largest digital-asset treasury companies trade above the value of the crypto assets they hold.

The report also found that most of these companies have underperformed simply holding the underlying crypto assets since inception, raising questions about whether the treasury-company structure is still delivering the premium investors once expected.

The shift is important for the crypto market because many treasury companies rely on a premium valuation to raise capital and acquire more digital assets.