CoinGecko report: Most DAT company stocks saw significant declines after brief surges

Jinse Finance reported that since 2020, the rise of so-called "Digital Asset Treasury Companies" (DAT) has seemingly become one of the most representative trends in the Web3 and crypto industry. According to a report by CoinGecko, although most headlines mainly focus on ETFs, meme coins, and the upcoming new wave of decentralized finance (DeFi), DAT companies are gradually emerging as a new type of market participant with huge potential. Based on CoinGecko's in-depth research report, the key points of this ongoing development are as follows: Public companies are currently including crypto assets as reserve assets, and the unprecedented rise of a certain strategy seems to further put the so-called "pure Digital Asset Treasury Companies" (pure business DAT companies) in the spotlight. Since 2020, the number of Digital Asset Treasury Companies (DAT companies) has surged from just 4 to 142—with 76 new companies established this year alone. It is reported that by 2025, the capital invested by DAT companies will reach $42.7 billions, with more than 50% (i.e., more than half) of the funds invested since the third quarter (Q3). Strategy still holds an absolutely dominant position in this emerging field, currently holding about $70.7 billions in crypto assets, accounting for about 50% of the total crypto assets held by all DAT companies. The stocks of DAT companies saw significant increases within the first 10 days of listing (or specific periods), with BitMine rising by as much as 3069%, followed by a general pullback.