Crypto Treasury Firms Take Plunge Amidst Bitcoin and Ethereum Sell-Off

Crypto treasury companies, fueled by a speculative boom in 2025, are experiencing a sharp correction as Bitcoin and Ethereum prices decline. This selloff is leading to forced selling, with some firms liquidating assets to cover debts or pursue buybacks. The resulting market distortions are evident as many DATs trade below their net asset value (NAV), highlighting structural fragility within the sector.