Bitcoin-Dominant Digital Asset Treasuries May Show Early Bubble Signs, Long-Term Capital Could Arrive, TON Strategy CEO Says

Digital asset treasuries (DATs) show early bubble signs as fast capital floods corporate crypto treasuries, but experts say consolidation—rather than a crash—will precede medium-to-long-term institutional capital ￰0￱ are a new finance segment bridging TradFi and crypto, drawing both fast money and strategic ￰1￱ treasuries now hold significant BTC and ETH allocations, prompting scrutiny and selective ￰2￱ 1.3M BTC (~$157.7B, 6.6% supply) and 5.5M ETH (~$24B, 4.5% supply) reported in treasury ￰3￱ asset treasuries bubble signals: DATs face short-term consolidation; monitor liquidity, allocations, and ￰4￱ analysis & next ￰5￱ Strategy’s CEO acknowledged there are early signs of a bubble, but medium and long-term capital will soon come in as the market ￰6￱ is causing the digital asset treasuries bubble?

Digital asset treasuries (DATs) have surged because corporate treasuries and startups rushed to add crypto as a treasury asset, driven by speculation and “fast money.” Short-term price momentum, high-profile bitcoin treasury pioneers, and easy issuance have amplified demand and created bubble-like ￰7￱ did industry leaders shape the DAT model? Strategy’s Michael Saylor popularized the DAT approach for Bitcoin; this year the model expanded to Ether, Solana, and ￰8￱ Strategy CEO Veronika Kapustina said the model now demonstrates cross‑token ￰9￱ told Cointelegraph at Token2049 that DATs differ from prior bubbles because they represent a new financial segment, not just speculative ￰10￱ will digital asset treasuries evolve over time?

DATs are likely to undergo consolidation where weaker treasuries fold or merge, while robust treasuries evolve into infrastructure providers or pursue regulated banking ￰11￱ time, institutional and medium-to-long-term capital will evaluate DATs by functionality, network security contribution, and ￰12￱ do current treasury accumulation figures show? Corporate treasuries continue to accumulate assets despite high price levels. Plain-text sources reporting these figures include ￰13￱ and ￰14￱ tallies indicate significant allocation percentages of circulating supply for major ￰15￱ treasury accumulation snapshot Asset Held Approx. Value% of Circulating Supply Data Source (plain text) Bitcoin (BTC) ~1.3M BTC ~$157.7B 6.6% ￰16￱ Ether (ETH) ~5.5M ETH ~$24B 4.5% StrategicEthReserve Toncoin (TON) Company treasuries (growing) Variable — TON Strategy reporting Bitcoin DATs continue to load up.