Crypto Treasuries Abandon Price Hopes for Profit Focus

At one of the largest crypto industry gatherings, the heads of digital asset treasury companies presented a starkly different narrative than just a year ago. The digital-asset treasury bust has been unfolding throughout the year.

The founders are now looking to usher in a new era for DATs by adopting an old-fashioned approach: running an actual business. They have shifted their focus from price appreciation to profit generation, which is being referred to as 'Buffett Wannabes.'

This change of heart was highlighted at the Bitcoin Asia conference in Hong Kong on August 27. The attendees were pitched a more conventional business strategy, one that emphasizes running an actual company rather than just accumulating assets.