Глава Bit Digital предлагает необеспеченный долг как стратегию выживания DAT-компаний в условиях медвежьего рынка Headline: Bit Digital CEO Advocates Unsecured Debt as a Survival Strategy for DAT Companies in Bear Market

DAT companies should steer clear of asset-backed debt to withstand the challenges of a potential bear market. This was emphasized by Bit Digital’s CEO, Seth Tabar, during a discussion with The Block at the Token2049 conference in Singapore.

Tabar focused on how companies approach debt financing. He explained that leveraging funds enables firms to enhance their cryptocurrency per share while keeping the total number of shares unchanged.

However, selecting the right type of debt is crucial. The expert warned that a poor choice of leverage can easily jeopardize a business.

The CEO of Bit Digital pointed out that many Ethereum treasuries rely on secured loans. In a market correction, this becomes «extremely risky.»

«When asset prices plummet, creditors start demanding repayment, targeting the company’s resources,» he elaborated.

To mitigate such risks, Bit Digital opts for unsecured debt. On September 30, the company announced a $135 million convertible bond issuance.

In addition to its cryptocurrency endeavors, Bit Digital is also advancing its artificial intelligence division, WhiteFiber.

In August, the organization conducted an IPO, raising $159.4 million, as reported by Bloomberg. Bit Digital retains 71% of the shares in its subsidiary, which now operates as a separate public entity.

«For us, the ideal scenario is a combination of investments in Ethereum and artificial intelligence,» Tabar remarked.

He emphasized that this strategy allows for risk diversification and prepares the company for a bear market.

According to The Block, the growth of treasury companies reflects institutional interest in crypto assets: public entities are broadening their «digital reserves» beyond Bitcoin (4.1% of the market) to Ethereum (2.9%) and Solana (2.6%).

However, altcoin-oriented DATs could lead to premature token monetization by insiders, disrupting the vesting mechanism.

U.S. regulators are already investigating questionable transactions ahead of crypto purchase announcements. In particular, the SEC suspended trading in shares of Hong Kong-based QMMM Holdings, which planned to acquire $100 million in Bitcoin, Ethereum, and Solana, due to suspicions of price manipulation via social media.

Crypto treasury structures are creating a new trend by issuing their own stablecoins to strengthen their ecosystems and compete with established tokens like USDC.

For instance, Sui Group Holdings plans to launch two stablecoins on the Sui blockchain by the end of 2025: suiUSDe (yield-bearing for holders) and USDi (non-yield-bearing) in partnership with Ethena. Following a recent increase of $20 million, the token reserves for SUI now exceed $300 million, enhancing competition in the stablecoin segment.

The CEO of Bit Digital expressed confidence in Ethereum’s long-term potential. According to Strategic ETH Reserve, the corporation holds 120,310 ETH worth approximately $526.9 million.

At the time of writing, the coin is trading at around $4,388, having gained 2.2% in the past 24 hours, as per CoinGecko.

It’s worth noting that in June, Bit Digital announced its transition from Bitcoin mining to Ethereum staking.