Coin stockpiling flows at DAT companies plunge… Is a liquidity risk signal being triggered?

In the Digital Asset Treasury (DAT) sector, where companies stockpile crypto assets such as Bitcoin (BTC) as a financial strategy, inflows have sharply declined. Analysts say liquidity pressure is increasing across corporate coin-holding structures.

On the 2nd, crypto asset media BeInCrypto reported that recent DAT inflows were about $1.32 billion, a 90% decrease from July, marking the year's low. DeFi dashboard DeFiLlama assessed that "the pace of digital asset accumulation by corporate treasuries has effectively come to a halt."

The valuation of corporate DAT positions (mNAV) is also weakening. Strategy (formerly MicroStrategy) holds about $48.4 billion, Bitmain $10.6 billion, and Marathon Digital $4.5 billion, but recent market adjustments are putting downward pressure on both realized and valuation values.

Market data platform DropsTab analyzed that "tokens associated with DAT showed the weakest flows among tokenized stock asset groups last month." It explained that investor sentiment toward the DAT strategy itself is contracting.