Analysis: DATs Keep Buying Bitcoin, Outperformi... | via Coindesk

Analysis: DATs Keep Buying Bitcoin, Outperforming ETFs Is the Hard Part

The boom in corporate bitcoin buyers highlights how fast DATs are scaling. But their model is fragile when outperformance depends on premiums, converts, and cheap debt.

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Analysis: DATs Keep Buying Bitcoin, Outperforming ETFs Is the Hard Part

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