Bloomberg: The median stock price of DAT companies listed in the U.S. and Canada has dropped 43% this year. According to Bloomberg, the median stock price of digital asset treasury (DAT) companies listed in the U.S. and Canada has fallen 43% so far this year. In comparison, Bitcoin has only dropped about 6% since the beginning of the year. The stock price of Ethereum treasury company SharpLink has plummeted 86% from its peak, with the company’s market value now even lower than the value of the digital tokens it holds. Currently, the company’s stock price is about 0.9 times the value of its Ethereum holdings. SharpLink previously announced it would abandon its original gaming business and instead issue shares to purchase large amounts of Ethereum, causing its stock price to soar over 2600% within a few days. However, compared to Greenlane, SharpLink is still relatively lucky. Despite Greenlane holding approximately $48 million worth of BERA crypto tokens, its stock price has plunged over 99% this year. Additionally, the stock price of WLFI treasury company Alt5 Sigma, which was once supported by Trump’s two sons, has dropped about 86% since its peak in June. Some fortunate DAT companies still have a market value higher than the value of their underlying holdings, but most investors who bought near the peak have suffered losses, and 70% of these companies’ stock prices are likely to be lower by the end of the year compared to the beginning. The worst performers are those listed companies that avoided Bitcoin and instead invested in smaller, more volatile tokens. The volatility of these stocks is partly due to companies borrowing heavily when acquiring cryptocurrencies. At the same time, for lesser-known small DAT companies, the decline in cryptocurrency prices and waning investor enthusiasm have made fundraising opportunities increasingly scarce.