Critical December: Digital Asset Vaults Between a Rock and a Hard Place
Digital Asset Vaults (DATs) face a real moment in December 2025 after turbulent weeks.
Of Major Challenges:
· Financial Fragility: Companies that were trading at multiples of 3x to 10x their asset value (mNAV) during the summer are now trading at 1x or lower.
· Global Liquidity Pressures: Tension in Japanese government bonds threatens to reverse the flow of capital that was supporting global markets, increasing financial conditions' difficulty.
· Speculative attacks: an increase in short-selling intensity, especially on companies with illiquid treasuries.
However, experts from "Coin Shares" see the situation as not hopeless and point to a potential window of hope in December itself:
· Recovery opportunity: the path splits either into a forced selling spiral or companies holding onto their assets to benefit from any price recovery.
· Supporting monetary policies: weak U.S. employment data supports the possibility of a Federal Reserve interest rate cut in December, which could weaken the dollar, improve liquidity, and support risk asset sentiment, including cryptocurrencies.
· Market selection: long-term forecasts favor companies with clear revenue models and well-considered treasury strategies, away from speculative expansion in budgets.
In short, December is a month of destiny: either the current pressures push these companies to the brink, or the positive cash flow forecasts turn into a lifeline and stability
