Digital asset treasury boom stalls as flows drop to $1.3B and stocks tumble
Bitcoin treasury companies drove November inflows with $1.06 billion, as Ether saw $37 million in outflows despite continued accumulation by BitMine.
Digital asset treasuries (DATs) experienced their slowest month of 2025 in November as the corporate treasury boom slowed.
Data aggregator DefiLlama data showed that in November, DATs saw only $1.32 billion in inflows, the sector’s lowest monthly inflows this year. This represented a 34% decline from October’s $1.99 billion and an 88% decrease from September’s $11.55 billion.
Bitcoin (BTC) DATs led the month with $1.06 billion in inflows, driven by Strategy buying $835 million in Bitcoin on Nov. 17 and Metaplanet buying $130 million in BTC on Nov. 25. XRP (XRP) followed with $214 million in inflows, according to DefiLlama.
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