The Evolution of Digital Asset Treasuries: From Passive Holding to Active Yield Generation
The era of simply accumulating digital assets is over, with investors now seeking capital discipline and economic returns. By early 2026, over 200 publicly listed companies held digital assets on their balance sheets, managing over $115 billion. However, several of these companies trade at discounts to the value of their assets, indicating that accumulation alone is no longer sufficient. In respo…