Has the DAT bubble already burst? CoinShares says in many ways, yes.
Crypto asset management firm CoinShares (CS) said the digital asset treasury (DAT) bubble has largely burst, with some companies that traded between 3 and 10 times their market net asset value (mNAV) in the summer of 2025 now back to around 1x or less, in a sharp reset for a trade that once valued tokenized […]
Has the DAT bubble already burst? CoinShares says in many ways, yes. Read More »










