DAT companies rise in tandem on crypto rebound…Parataxis Ethereum surges 29%
Summary
- It said that as virtual asset prices rebound, shares of domestic Digital Asset Treasury (DAT) companies are showing strength.
- It reported that Parataxis Ethereum acquired 5,495 Ethereum (ETH) for about 15.8 billion won, posting a top-tier level of holdings among listed companies globally.
- It said DAT companies directly hold virtual assets such as Bitcoin (BTC), and expectations for improved net asset value (NAV) tend to affect share prices.
Forecast Trend Report by Period
As prices of virtual assets (cryptocurrencies) rebound, shares of domestic Digital Asset Treasury (DAT) companies are also showing strength.
As of 11:11 a.m. on the 26th, Parataxis Ethereum was trading at 1,747 won, up 29.99% from the previous session. Parataxis Korea was up 21.43% and Bitmax was gaining 8.15%.
Parataxis Ethereum is a DAT company that strategically holds Ethereum (ETH). In a disclosure the previous day announcing the completion of a business transfer merger, it said it acquired 5,495 Ethereum (ETH) for about 15.8 billion won. Based on CoinGecko tallies, the company ranks 15th among listed companies globally and second among listed companies in Asia in terms of Ethereum holdings.
Parataxis Korea and Bitmax are Bitcoin (BTC)-focused DAT companies. According to BitcoinTreasuries.net, Parataxis Korea holds 200 bitcoin and Bitmax holds 551 bitcoin.
Meanwhile, DAT companies directly purchase and hold virtual assets such as bitcoin and reflect them in their financial statements. When the value of holdings rises, expectations for an improvement in net asset value (NAV) tend to grow, which often influences share prices.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
