The digital asset treasury market is entering a fierce “PvP” phase, where the early movers’ advantage is no longer a guaranteed ticket to growth. Institutional treasuries have accumulated over 1 million BTC and nearly 5% of the circulating ETH supply. This accumulation turns them into players directly influencing market supply and demand. Which organizations will actively leverage this advantage to lead the game? Which ones will fall behind in the next wave of intense competition? PvP: The Selection of the Strong? David Duong — Head of Research at Coinbase — recently emphasized that the digital asset treasury (DAT) market is entering a “player-versus-player” (PvP) stage
source: https://beincrypto.com/digital-asset-treasuries-round-2-pvp-competition-among-institutions/