Coinbase Research Director: The era of "easy money-making" in crypto treasury may be beneficial to the crypto market

According to Golden Finance, Coinbase said that listed companies that buy cryptocurrencies are entering the "player-to-player" stage, and companies will compete more fiercely for investor funds, which may drive prices in the crypto market to rise. "The days of making money easily and ensuring a premium for NAV (net asset value multiple) are over," Coinbase research director David Duong and researcher Colin Basco said in a report Wednesday. The two pointed out that the digital asset treasury (DATs) are in the "player-to-player" phase, and "participants with proper strategic layout will stand out" and are expected to "benefit from these inflows, thereby boosting returns." Analysts also expressed concerns about the saturation of the crypto-buying company market, believing that many companies may not survive for a long time. NYDIG said Friday that despite the rise in Bitcoin, the value of many crypto treasury companies has declined.