**[Bloomberg: Median Stock Price of U.S. and Canada-listed DAT Companies Has Dropped 43% This Year]** According to Bloomberg, the median stock price of U.S. and Canada-listed Digital Asset Treasury (DAT) companies has fallen by 43% this year. In comparison, Bitcoin ($BTC) has only dropped about 6% since the beginning of the year. The stock price of Ethereum treasury company SharpLink has plummeted 86% from its peak, with the company’s market capitalization now even lower than the value of its digital token holdings. Currently, the company’s stock price is approximately 0.9 times the value of its Ethereum ($ETH) holdings. SharpLink previously announced it would abandon its original gaming business and instead issue shares to purchase large amounts of Ethereum, causing its stock price to surge over 2600% within a few days. However, compared to Greenlane, SharpLink is still relatively fortunate. Despite Greenlane holding approximately $48 million worth of BERA crypto tokens, its stock price has plunged over 99% this year. Additionally, Alt5 Sigma, a WLFI treasury company once supported by Trump’s two sons, has seen its stock price drop about 86% since its June peak. Some fortunate DAT companies still have market capitalizations higher than the value of their underlying holdings, but most investors who bought near peak levels have suffered losses, and 70% of these companies’ stock prices are likely to fall below their early-year levels by the end of the year. The worst performers are those listed companies that avoided Bitcoin and instead invested in smaller, more volatile tokens. The volatility of these stocks is at least partially due to heavy borrowing by companies to acquire cryptocurrencies. Meanwhile, for lesser-known small DAT companies, the decline in cryptocurrency prices and waning investor enthusiasm have made fundraising opportunities increasingly scarce.