Due to MSCI considering a reclassification of Digital Asset Treasuries (DAT) and possibly removing them from its indices, DAT is facing market pressure. Meanwhile, DAT holdings have plummeted from $140 billion to $97 billion, a decrease of $45 billion. SharpLink sold $33.5 million worth of Ethereum (ETH), sparking criticism of DAT and labeling it a "venture capital scam." However, Dragonfly's Haseeb Qureshi countered that DAT is not a net seller, and if its minimum net asset value (mNAV) exceeds 1, it may resume buying. Although some DATs like BitMine Immersion have not yet been sold off, concerns about a wave of venture capital-related selling persist, with David Bailey calling MSCI's threat "Operation Chokepoint 3.0."