Bitcoin treasury company's craze cools down, DAT company's market capitalization experiences a big dump.

On August 23, the co-founder and CEO of a certain company believes that recent market dynamics indicate that digital asset treasury companies that are keen on Coin Hoarding are facing a turning point.

The CEO stated that the Bitcoin treasury company was once a revolutionary innovation in the industry, but the ability to achieve 3x returns may be fading. Over the past five years, a certain company has increased by 24 times, while Bitcoin has increased by 10 times, making such excess returns difficult to replicate.

He believes that the signs of a week-long trend indicate that the crypto treasury craze, primarily modeled after a certain company's approach, is cooling down. The total market capitalization of DAT Company has fallen below $150 billion, and the cumulative market value of Bitcoin's treasury has decreased from $165 billion a month ago to $134 billion (despite Bitcoin's price being relatively stable). The stock price of a certain company has also dropped from a high of $455 in July to $359 this Friday, while the stock price of the Japanese listed company Metaplanet has seen a monthly decline of over 30%.

The CEO pointed out: "What is truly fading is the ability to create a unique value proposition. Most CEOs of DAT companies claim that their sole goal is to enhance the per-share cryptocurrency holdings, but it is unknown whether they have a unique management team and whether they possess outstanding capital operation capabilities.