TechFlow reports on January 22 that, according to a Cointelegraph report citing Pantera Capital's latest findings, the Decentralized Autonomous Treasury (DAT) sector is expected to undergo significant consolidation by 2026, with only a few well-capitalized firms dominating the market. Currently, BitMine has accumulated 3.48% of Ethereum's total supply and purchased 92,511 ETH this year (approximately $277 million). Meanwhile, Strategy continues to lead in corporate Bitcoin holdings, acquiring 22,306 BTC last week (around $2.13 billion), bringing its total holdings to 709,715 bitcoins. Smaller treasury firms face mounting survival pressures—ETHZilla, for instance, was forced to sell $74.5 million worth of Ethereum to repay debts. This centralization trend has raised concerns about the industry's long-term sustainability.
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