Tom Lee: Crypto Treasury Bubble May Have Burst

BlockBeats News, October 16th, According to Fortune's report, Decentralized Autonomous Treasuries (DATs) have become one of the most significant features of the current crypto bull market. The so-called DATs refer to companies holding specific cryptocurrencies (from Bitcoin to Dogecoin) and attempting to operate a publicly tradable instrument offering investors exposure to the sale of these assets in stock form. However, as the number of such projects has surged, critics warn that crypto treasury companies may become the latest bubble in this roller-coaster industry. Tom Lee, Chairman of Ethereum's first treasury management firm BitMine, suggested that this bubble may have already burst.