Bitcoin Treasury Boom Slows Down as Investor Expectations Rise

Despite initial success, investor enthusiasm for bitcoin treasury companies (DATs) is waning. Some firms are beginning to sell portions of their holdings and others are shifting towards stock buybacks, reflecting pressure to generate returns that go beyond simply hoarding Bitcoin. The shift comes amid a broader downturn in the crypto market which saw cryptocurrency capitalization drop below $4 trillion after reaching nearly $4.3 trillion earlier this year.