Analysis: Shifting market sentiment may pose risks to retail investors who purchase shares in digital asset treasury companies.

A report released by Singapore-based cryptocurrency research firm 10X Research indicates that retail investors who purchased shares in Digital Asset Treasury (DAT) have lost up to $17 billion. Analysts point out that a shift in market sentiment could put retail investors buying company stock at risk, especially those US-listed companies that use small-cap tokens as treasury reserves. Bloomberg cited the following examples: 1. Tharimmune raised $545 million to establish the Canton Coins treasury, pricing the Canton token at $0.20 at the time of its fundraising, but the current market price is $0.11; 2. Alt5 Sigma raised $1.5 billion to establish the WLFI treasury, pricing the WLFI token at $0.20 at the time of its fundraising, but the current market price is $0.14; 3. Flora Growth raised $401 million to establish the 0G treasury, pricing the 0G token at $3 at the time of its fundraising, but the current market price is $1.20. (Bloomberg)