DAT - BlockFlow - BlockFlow

PEPE0.00 -6.12%

TON1.31 -0.89%

BNB632.43 0.13%

SOL87.65 -1.32%

XRP1.41 -3.53%

DOGE0.10 -2.78%

TRX0.29 -0.72%

ETH2047.74 -1.33%

BTC67789.85 -1.32%

SUI0.95 -2.33%

Tag ‘DAT’ 1 Results

Inside the DAT Crash as mNAV Collapses, Liquidity Tightens, and the Premium Era Ends

The November crash exposed the structural weakness of DAT stocks: when BTC falls, their leveraged model collapses even faster, and with mNAV slipping below 1, even Saylor’s buying machine is running out of fuel.

Nov 21, 2025

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Inside the DAT Crash as mNAV Collapses, Liquidity Tightens, and the Premium Era Ends

Nov 21, 2025

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