Tom Lee: The bubble of encryption treasury companies may have burst.

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On October 16, according to Fortune, the crypto treasury company (DAT) has become one of the most significant features of the current crypto bull run. The so-called DAT refers to companies that hold specific Crypto Assets (from Bitcoin to DOGE) and attempt to operate a publicly traded instrument to provide investors with short exposure to these assets in the form of stocks. However, with the surge in the number of such projects, critics warn that digital asset treasuries may become the latest bubble in this rollercoaster industry. Tom Lee, chairman of BitMine, the first Holdings institution for Ether, stated that this bubble may have already burst.

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