DAT funding inflow plummeted by 95%, and the company's purchasing power has significantly declined.

ChainCatcher reports that, according to Beincrypto, corporate purchasing volume sharply declined after Bitcoin retreated from its high point. Data from DeFiLlama shows that the weekly inflow of funds into the Digital Asset Treasury (DAT) peaked at approximately $5.57 billion in July 2025, but by November had fallen to $259 million, a decline of over 95%, indicating a general decrease in institutional buying power and confidence.

Latest data indicates that the sell-off of DAT-related stocks far exceeds the decline of their underlying assets. According to Artemis, Bitcoin has fallen about 10% over the past three months, while DAT-related stocks have dropped between 40% and 90% during the same period.

Previously, Sequans Communications sold approximately 970 Bitcoins (about 30% of its holdings), worth around $100 million, to repay convertible bonds. This marks the first treasury company to sell crypto assets. In the current market environment where Bitcoin prices are under pressure, concerns have been raised about the sustainability of the DAT strategy.

Analyst Nic Carter believes that as the US dollar strengthens and Bitcoin weakens, digital asset management firms may sell Bitcoin to exchange for USD.