Standard Chartered Warns Digital Assets Treasury Companies Face Valuation Crisis

According to Wu, Standard Chartered Bank warned that the market net asset value of digital asset treasury companies has generally collapsed recently. Bitcoin, Ethereum and Solana treasury companies are facing valuation crisis, and weak companies may be eliminated. Many well-known DATs have fallen below key levels, and the industry may be divided and integrated. Large, low-cost and pledge-income companies such as Strategy and Bitmine have more advantages. Standard Chartered expects that large companies may maintain expansion through acquisitions of discounted peers, while most small and medium-sized treasury companies may fall into a "death spiral."