Bitwise CIO Says Digital Asset Treasury Companies Are Widely Mispriced

[kevin1]

Bitwise CIO Matt Hougan says many Digital Asset Treasury Companies (DATs) are misunderstood and mispriced. While these firms now manage over $130 billion in digital assets, investors often judge them solely by their crypto holdings. Hougan argues that expenses, risk, and illiquidity frequently push DATs to trade below their modified NAV — and that most discounts are justified.

[Nahid Hossen]

Mispricing in crypto treasuries is a big opportunity for early movers. 🧩

[Abdul Khan]

Treasury-backed crypto companies need clearer valuation models.