The amount of DAT fell to the lowest level since October 2024

According to DeFiLlama, monthly inflows to digital asset (DAT) treasury firms fell to about $555 million, the lowest level since October 2024, a month before the 2024 US election.

Data from DeFiLlama shows that inflows to digital asset fund companies fell to about $32.4 million before the election, and increased to more than $12.3 billion after the 2024 election results in the United States and pro-crypto regulatory changes.

Treasury inflows declined in 2025, with monthly inflows below $10 billion by August 2025, before declining sharply.

Digital asset fund companies have faced a difficult business environment over the past year, exacerbated by the crypto market crash in October that kicked off a months-long bear market and sent crypto prices back to pre-election levels.

related to: Crypto treasury companies likely to merge in 2026: Exec Crypto

Treasury firms face reinvention after market crash

According to Patrick Ngan, chief investment officer at Zeta Network Group, a technology firm, treasury firms must evolve their business strategies or risk stagnation.

“Corporate Bitcoin funds now have to demonstrate that they can use the asset, not just store it,” Ngan said.

He said that crypto treasury companies with operating businesses that produce cash flow will outperform those that collect and store crypto.

Treasury companies can earn revenue by contributing or providing verification services to secure proof-of-concept blockchain networks, mining proof-of-work cryptocurrencies, lending in the decentralized finance (DeFi) space, and other related businesses.

Real estate investor Grant Cardone expanded his multi-asset housing fund strategy last year by combining real estate and Bitcoin (BTC) into hybrid digital asset investment vehicles.