Crypto Treasury Firms Add Pressure to Bitcoin’s Slide, Says Columbia Professor
Omid Malekan argues that publicly listed digital-asset treasuries (DATs) are a key, overlooked driver of Bitcoin’s price drawdown, characterising them as a “mass extraction and exit event” for the crypto market. He claims that the substantial costs associated with setting up these public vehicles (SPACs, banking, legal fees) created incentives…
bubmagNovember 6, 2025