Experts warn crypto treasury firms face survival crisis in 2026

Many companies holding digital asset treasuries (DATs) are facing an existential crisis heading into next year, Cointelegraph reported, citing multiple experts. Altan Tutar, founder of the revenue platform MoreMarkets, said that DATs, which proliferated after the Bitcoin bull run, are experiencing sharp declines in their market capitalization due to the market slump. He noted that firms with treasuries focused on altcoins will likely be the first to disappear. Ryan Chow, co-founder of Solv Protocol, added that investing in BTC is not a guaranteed solution for infinite growth and that companies unable to generate returns beyond simply holding assets will struggle to survive a bear market. Vincent Chok, CEO of First Digital, commented that for DATs to operate successfully, they need prudent portfolio strategies and sufficient operational liquidity. Chok also projected that for DATs to compete with spot ETFs in the long run, they will need to integrate with traditional financial infrastructure to ensure regulatory compliance.