Quick Facts:
B. Riley has lowered price targets for Digital Asset Treasury Companies, citing sector pressures and changing accumulation trends.
The analyst downgrades signal a market shift from valuing passive asset holding to prioritizing operational utility and capital efficiency.
LiquidChain counters market fragmentation by fusing Bitcoin, Ethereum, and Solana liquidity into a single, seamless execution layer.
Investors are increasingly rotating focus toward infrastructure plays that solve interoperability issues rather than simple corporate proxies.Investment bank B. Riley has formally lowered its price targets for several prominent Digital Asset Treasury Companies (Datcos), signaling a potential shift in how institutional analysts value corporate crypto holdings.
The move, affecting major publicly traded entities with significant Bitcoin reserves, reflects growing caution regarding the correlation between equity valuations and underlying asset volatility.
Analysts at the firm cited sector-wide pressure and weaker accumulation trends as the primary drivers. But frankly, the specific dollar figures matter less than the shift in market psychology: a transition from valuing passive holding strategies to scrutinizing operational utility.
When Bitcoin trades sideways or faces resistance, companies acting as leveraged proxies often see their premiums erode faster than the asset itself. The data suggests the “proxy trade” fever that dominated earlier in the year is cooling, investors are starting to demand more than just exposure to beta.
This recalibration coincides with a macroeconomic environment where the cost of capital remains high. That makes the carrying cost of non-yielding assets a focal point for equity researchers. While Datcos have historically outperformed during aggressive bull runs, the current market structure forces a re-evaluation of capital efficiency.
Smart money is looking beyond companies that simply store value, pivoting instead toward infrastructure protocols that move value and generate yield through activity.
You can see this rotation in the divergence between stagnant equity proxies and the surging interest in specialized infrastructure layers. As the traditional “hold and hope” strategy faces analyst headwinds, capital is flowing toward solutions that solve the industry’s most persistent bottleneck: fragmentation.
It’s within this liquidity vacuum that LiquidChain ($LIQUID) has begun to capture market attention, positioning itself as the connective tissue for a disjointed ecosystem.
You can buy $LIQUID here.
While B. Riley’s analysts downgrade the outlook for passive treasury models, the smart money narrative is shifting toward Layer 3 (L3) infrastructure designed to unify the crypto economy.
The fundamental issue isn’t a lack of assets, Datcos hold massive treasuries, but the inability to use them efficiently. Currently, liquidity is siloed: Bitcoin remains trapped in its secure but rigid network, Ethereum struggles with high execution costs during peak demand, and Solana operates as a high-speed island.
LiquidChain ($LIQUID) tackles this capital inefficiency with a Unified Liquidity Layer. Unlike traditional bridges (which often rely on vulnerable wrapping mechanisms), LiquidChain operates as a dedicated execution environment that fuses Bitcoin, Ethereum, and Solana liquidity.
For developers, this represents a paradigm shift: a ‘Deploy-Once Architecture’ where a single application accesses users and assets from the three largest chains simultaneously. This utility-driven approach offers a stark contrast to the passive accumulation models currently being de-rated by Wall Street.
By solving the user flow complexity that plagues DeFi, the protocol creates verifiable demand for its infrastructure, independent of simple asset price speculation.
Check out $LIQUID’s presale now.
Technically, LiquidChain ($LIQUID) is positioning itself as the transaction fuel for the next cycle of interoperability. The secret sauce here is the Cross-Chain Virtual Machine (VM), which allows for single-step execution across disparate networks.
In a typical scenario, a user moving value from Bitcoin to Solana faces multiple friction points, high fees, and settlement delays. LiquidChain compresses this into a verifiable settlement process that feels instantaneous to the end-user.
This infrastructure is critical because it unlocks liquidity that’s currently dormant in treasury reserves and disconnected wallets. By enabling ‘Liquidity Staking’ and providing developer grants, the project is incentivizing the migration of capital from static storage into active circulation.
The risk for legacy chains is irrelevance in a multi-chain future; LiquidChain mitigates this by allowing legacy assets like $BTC to function natively within complex DeFi applications.
As the market digests B. Riley’s conservative outlook on treasury companies, the focus is logically drifting toward protocols that generate velocity of money rather than just balance sheet expansion.
Check the official LiquidChain presale.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments, including presales and new protocols, carry high risks, and markets can be volatile. Always perform your own due diligence before investing.


