Digital asset treasury companies are running out of steam

Update: 2025-11-25

Description

Convincing traders to pay $2 for $1 of bitcoin worked — for a while. As premiums evaporate, an unwind could be painful. Originally published on November 25, 2025.

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In Channel

Digital asset treasury companies are running out of steam

2025-11-2510:05

Issue 97 – This is hardship

2025-11-2019:52

Issue 96 – Redefining solvency

2025-11-0819:11

Trump says he has “no idea” who he just pardoned

2025-11-0312:07

Issue 95 – The pardon was the payoff

2025-10-2936:48

Anatomy of a crypto collapse

2025-10-1717:46

Issue 94 – Backdoor deals

2025-10-0938:11

Issue 93 – Undermining deregulation

2025-09-2521:36

Prediction markets are booming. Oversight is barely there.

2025-09-1626:30

Issue 92 – The scam of all scams

2025-09-1228:47

Trump Jr.-advised prediction markets invite bets on president’s demise

2025-09-0208:30

Issue 91 – GDP on the blockchain

2025-08-2728:48

As he builds US power, Justin Sun fights to control his story

2025-08-1926:06

Issue 90 – Crime szn bro

2025-08-1437:03

Curate your own newspaper with RSS

2025-07-3114:45

The Tornado Cash case: When politics sabotage a prosecution

2025-07-2913:00

Issue 89 – Crypto wins in Washington with midnight calls, chocolate bars, and a $141 million threat

2025-07-2320:28

Issue 88 – The stockchain

2025-07-1131:43

Issue 87 – SO ORDERED

2025-07-0123:53

Issue 86 – State power sponsored by Coinbase

2025-06-1918:46

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Digital asset treasury companies are running out of steam

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Digital asset treasury companies are running out of steam

Molly White

Digital asset treasury companies are running out of steam