Tom Lee: The Crypto Treasury Company Bubble May Have Burst
BlockBeats News, October 16, according to Fortune, Digital Asset Treasury (DAT) companies have become one of the most prominent features of the current crypto bull market. So-called DATs refer to companies that hold specific cryptocurrencies (ranging from bitcoin to dogecoin) and attempt to operate a publicly traded vehicle to provide investors with sell-side exposure to these assets in the form of stocks. However, as the number of such projects surges, critics warn that digital asset treasuries may become the latest bubble in this roller-coaster industry. Tom Lee, Chairman of BitMine, the largest Ethereum holding institution, stated that this bubble may have already burst.
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