Bitcoin Digital Asset Treasuries Spark Bubble Fears — Tom Lee Warns DAT May Have Already Burst

COINOTAG reported on October 16 that, citing Fortune, the rise of the Digital Asset Treasury (DAT) model has emerged as a defining feature of the current crypto bull market. These corporate treasuries typically involve firms holding cryptocurrencies — from Bitcoin to Dogecoin — and structuring publicly tradable, share‑like instruments to deliver token exposure to investors. As the number of such programs has expanded, market commentators have warned that digital asset treasuries could be inflating a valuation cycle. Tom Lee, chairman of Ethereum treasury manager BitMine, has publicly suggested this nascent bubble may already have begun to deflate. Given prevailing volatility, market participants are advised to emphasise robust due diligence and risk management when assessing DAT‑linked securities.