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Tom Lee Declares Crypto Treasury Bubble Has Burst as DATs Trade Below NAV

Tom Lee Declares Crypto Treasury Bubble Has Burst as DATs Trade Below NAV

Author:

Global Cryptocurrency

Published:

2025-10-17 08:21:02

17

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BTCCSquare news:

BitMine Chairman Tom Lee delivered a stark assessment of the digital asset treasury (DAT) market during a Fortune crypto Playbook Podcast appearance. The sector pioneer contends the bubble has already deflated, with 80% of these crypto-focused investment vehicles now trading below their net asset value.

Lee singled out industry leaders Strategy and BitMine as exceptions, noting the two firms command 86% of total DAT trading volume. Their continued investor support suggests properly structured vehicles can still thrive despite the broader sector's decline.

The remarks come as hundreds of DATs flood the market, raising concerns about unsustainable growth. Lee's analysis implies a market correction is underway rather than imminent - a sobering reality check for the once-hot sector.

By:

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