Tom Lee: Continued DAT Buying Could Push Crypto Prices Higher
BitMine Chairman Tom Lee told CoinDesk at Korea Blockchain Week on September 30, 2026, that digital asset treasury companies (DATs) trading above their net asset value can raise capital to buy more crypto. This action reduces available supply and could potentially drive prices higher. He cited HYPE as an example, noting that a Hyperliquid DAT holds about 14% of the token supply and continues to buy, suggesting HYPE could rise parabolically if its holdings reached 50%. WuBlockchain noted that Tom Lee's market forecasts tend to be optimistic, and readers should focus on his analytical reasoning rather than specific price targets or timelines.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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