Are DAT Firms Fueling the Next Crypto Meltdown?

The recent steep decline in the market-to-net-asset value (mNAV) of companies that hold large amounts of digital assets is amplifying market anxiety. On Monday, Standard Chartered Bank warned that the falling mNAV of small to mid-sized digital asset treasury (DAT) companies is heightening market risk. Shifting Landscape for DAT Firms DAT firms are publicly traded companies that hold and manage cryptocurrencies and other digital assets as core business assets. These companies raise capital by holding Bitcoin, Ethereum, and other digital assets as primary assets on their balance sheets source: https://beincrypto.com/are-dat-firms-fueling-the-next-crypto-meltdown/