Digital Asset Treasuries Face Fierce PvP Competition Among Institutions. Photo by BeInCrypto The financial health of Digital Asset Treasury (DAT) firms, which constituted a major source of crypto market buying since the second quarter, is rapidly deteriorating. Data released Wednesday by the on-chain data platform Artemis indicates that the market premium for these crypto-holding entities has largely evaporated. According to Artemis's 'mNAV by Digital Asset Treasury' metric, the Market Net Asset Value (m ...