Bloomberg: The median stock price of DAT-listed companies in the US and Canada has fallen 43% this year.

According to CoinWorld on December 8, citing Bloomberg, since the beginning of this year, the median stock price of Digital Asset Treasury (DAT) companies listed in the US and Canada has dropped by 43%. In contrast, Bitcoin has only declined by about 6% since the start of the year. The stock price of Ethereum treasury company SharpLink has fallen 86% from its peak, with the company’s market capitalization now even lower than the value of its held digital tokens. 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, issuing shares to purchase large amounts of Ethereum instead, causing its stock price to surge more than 2600% within a few days. However, compared to Greenlane, it is still relatively lucky. Despite holding about $48 million worth of BERA crypto tokens, Greenlane’s stock price has still plummeted over 99% this year. In addition, Alt5 Sigma, a WLFI treasury company once supported by Trump’s two sons, has seen its stock price fall about 86% since its June peak. Some fortunate DAT companies still have a market capitalization higher than the value of their underlying holdings, but most investors who bought near the peak have suffered losses, and 70% of company stock prices are likely to be lower at year-end than at the start of the year. The worst performers are listed companies that avoided Bitcoin and instead invested in smaller and more volatile tokens. The volatility of these stocks is at least partly due to companies taking on significant debt to acquire cryptocurrencies. Meanwhile, for lesser-known small DAT companies, the decline in cryptocurrency prices and waning investor enthusiasm have made it even harder to raise funds.