Why This Matters Companies that run “DAT” (Dividend Accumulation Treasury) strategies on Ethereum have quietly amassed large ETH stacks. Their exit timing is the market’s next “unknown unknown.” Below are six plausible end-games, grouped into Good, Neutral, and Bad outcomes.Good Endings 1. Take-Money-Off-the-TableScenario: ETH is multiples above their entry price (e.g., cost basis $3 k, spot $6 k).Trigger: tax-loss harvesting or shareholder pressure for realized gains.Market impact: mild—thin...

Why This Matters Companies that run “DAT” (Dividend Accumulation Treasury) strategies on Ethereum have quietly amassed large ETH stacks. Their exit timing is the market’s next “unknown unknown.” Below are six plausible end-games, grouped into Good, Neutral, and Bad outcomes.Good Endings 1. Take-Money-Off-the-TableScenario: ETH is multiples above their entry price (e.g., cost basis $3 k, spot $6 k).Trigger: tax-loss harvesting or shareholder pressure for realized gains.Market impact: mild—thin...