Digital Asset Treasury Company (DAT) capital inflows in May dropped to $180 million, the lowest since October 2024, down 95% from $4.4 billion in April. Among them, Bitcoin treasury companies contributed $177 million, accounting for about 98% of the total inflows for the month, but also a significant decline from $3.8 billion in April. Reports suggest that the compression of ETF and net asset value premiums is weakening the appeal of passive holding treasury companies. (Cointelegraph)

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FoldedPrivateKey
· 4h ago
The days when traditional companies could issue debt to buy coins and manipulate stock prices are gone.
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VolcanicMonolith
· 21h ago
ETFs are the true treasury, while publicly traded companies are just middlemen.
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MetalKeyInsomnia
· 21h ago
180 million vs 4.4 billion, this gap is more exciting than my position.
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MemeFisher
· 21h ago
The point about compressing the NAV premium is crucial—once the arbitrage space is gone, who would still be playing the “cai-ku-gu” (treasury-stock) strategy?
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UnderTheGlassDome
· 21h ago
98% is all Bitcoin treasury, indicating that no one is really engaging with other narratives.
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PerpMoodSwing
· 21h ago
Inflow in May hits a six-month low; will summer be even cooler?
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LendingPoolObserver
· 21h ago
April: 3.8 billion, May 177M, institutions are also retreating.
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DaoBackbencher
· 21h ago
Buying BTC used to be about faith; now buying ETFs is just easier, and the treasury company is caught in the most awkward position in the middle.
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MildlyMEV
· 21h ago
ETF has unraveled the narrative of the Treasury Department company.
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