This year’s financing has already exceeded $20 billion, and the model has become a "red ocean." How much ammunition do "digital currency treasury companies" have left?
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Digital asset treasury companies have seen an unprecedented financing boom this year. After absorbing over $20 billion in massive fundraising, the industry is rapidly moving from a “blue ocean” to a highly competitive “red ocean.” As the majority of treasury company stocks fall below their net asset value and liquidity
