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Bitcoin treasury firms enter a ‘Darwinian phase’ as premiums collapse: Galaxy

Bitcoin treasury firms are entering a “Darwinian phase” as equity premiums collapse, leverage turns into downside and DAT stocks flip to discounts, Galaxy warns.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin treasury firms enter a ‘Darwinian phase’ as premiums collapse: Galaxy

Bitcoin treasury firms are entering a “Darwinian phase” as equity premiums collapse, leverage turns into downside and DAT stocks flip to discounts, Galaxy warns.

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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