[Industry Executives: 'Most Crypto Treasury Companies Will Disappear' Given Bleak Outlook Before 2026] According to Cointelegraph, industry executives have stated that the outlook for crypto treasury companies (DAT) in 2026 is bleak, with the stock prices of many major firms experiencing significant declines. Altan Tutar, co-founder and CEO of MoreMarkets, noted that as market competition intensifies, most Bitcoin treasury companies will disappear along with other crypto treasury companies. DAT companies focusing on altcoins will be the first to exit, while companies that can provide additional value and deliver stable returns are more likely to succeed. Ryan Chow, co-founder of Solv Protocol, mentioned that the number of companies purchasing and holding Bitcoin increased from 70 at the beginning of 2025 to over 130 by mid-year. However, he emphasized that DAT companies are 'not a universal solution for unlimited dollar growth,' and many are 'unlikely to survive the next market downturn.' Companies that do survive will view Bitcoin holdings as part of a broader revenue strategy rather than a temporary store of value. DAT companies should not be content with merely holding Bitcoin but should consider actively managing it as digital capital within a transparent, yield-generating system. Vincent Chok, CEO of First Digital, stated that successful Bitcoin DAT companies have comprehensive strategies and liquidity, treating Bitcoin as just one part of their financial planning. Investors are leaning toward cryptocurrency ETFs, and the DAT model must evolve to meet the expectations of traditional finance.