CoinGecko Report: Most DAT company stocks experienced a big pump followed by a significant fall.

[CoinGecko Report: Most DAT Company Stocks Fall Significantly After a Brief Big Pump] Since 2020, the rise of what are known as “Digital Asset Treasury Companies” (DAT) seems to have become one of the most representative trends in the Web3 and encryption industries. CoinGecko pointed out in a report that while most headlines mainly focus on ETFs, meme coins, and the upcoming new wave of Decentralized Finance (DeFi), DAT companies are gradually emerging as a new type of market participant with great potential. According to CoinGecko's in-depth research report, the key points of this ongoing development are as follows: Public companies are currently incorporating digital assets into their reserve assets, and the unprecedented rise of a certain strategy seems to further spotlight the so-called “pure digital asset treasury companies” (pure business DAT companies). Since 2020, the number of digital asset treasury companies (DAT companies) has surged from just 4 to 142 — with 76 newly established this year alone. According to reports, the amount of funding invested by DAT Company in 2025 reached 42.7 billion USD, of which over 50% (more than half) of the funds were invested since the third quarter (Q3). Strategy still holds an absolute dominant position in this emerging field, currently holding approximately 70.7 billion dollars in digital assets, accounting for about 50% of all digital assets held by DAT companies. The stock of DAT Company experienced a significant rise within the first 10 days of its listing (or specific period), with BitMine rising by 3069%, followed by a general pullback.