PANews reported on September 11th that David Duong, Head of Research at Coinbase, stated that the digital asset treasury (DAT) market has entered a "player-versus-player" competition phase, with early scarcity premiums fading and market demands for execution and differentiation increasing. BTC-specific DATs already hold over 1 million, representing approximately 5% of the circulating supply; ETH-specific DATs hold approximately 4.9 million, valued at approximately $21.3 billion, representing over 4% of the circulating supply. Early entrants such as MicroStrategy once enjoyed a premium over their net asset value, but this premium has narrowed with increasing competition and regulatory constraints.PANews reported on September 11th that David Duong, Head of Research at Coinbase, stated that the digital asset treasury (DAT) market has entered a "player-versus-player" competition phase, with early scarcity premiums fading and market demands for execution and differentiation increasing. BTC-specific DATs already hold over 1 million, representing approximately 5% of the circulating supply; ETH-specific DATs hold approximately 4.9 million, valued at approximately $21.3 billion, representing over 4% of the circulating supply. Early entrants such as MicroStrategy once enjoyed a premium over their net asset value, but this premium has narrowed with increasing competition and regulatory constraints.
Coinbase Research Director: Digital Asset Vault Enters PvP Phase, BTC and ETH Holdings Rise
PANews reported on September 11th that David Duong, Head of Research at Coinbase, stated that the digital asset treasury (DAT) market has entered a "player-versus-player" competition phase, with early scarcity premiums fading and market demands for execution and differentiation increasing. BTC-specific DATs already hold over 1 million, representing approximately 5% of the circulating supply; ETH-specific DATs hold approximately 4.9 million, valued at approximately $21.3 billion, representing over 4% of the circulating supply. Early entrants such as MicroStrategy once enjoyed a premium over their net asset value, but this premium has narrowed with increasing competition and regulatory constraints.
Market Opportunity
Bitcoin Price(BTC)
$95,048.47
$95,048.47$95,048.47
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Steak ’n Shake Adds $10M Bitcoin to Treasury After Crypto Payment Success
Steak ’n Shake expands Bitcoin treasury strategy after crypto payments boost sales, cut costs, and strengthen competitive performance during 2025. Steak ’n Shake
Share
LiveBitcoinNews2026/01/18 21:30
XRP holds $2 support – Are buyers quietly taking control?
The post XRP holds $2 support – Are buyers quietly taking control? appeared on BitcoinEthereumNews.com. XRP continued to defend the psychological and technical $
Share
BitcoinEthereumNews2026/01/18 21:01
The Rise of Community-First Web3 Ecosystems Built on Smart Contract Infrastructure
In the early days of the internet, we were told that the web was a place for everyone. But over time, the big players came into possession of the castle’s keys.
Share
Techbullion2026/01/18 21:33