PANews reported on June 3rd, citing Cointelegraph, that DefiLlama data shows monthly inflows into digital asset treasury firms (DATs) fell to $180 million in May, the lowest level since October 2024. The total in May was down 95% from April's $4.4 billion and approximately 93% from the January-May monthly average. March and April saw inflows of $4.2 billion and $4.4 billion respectively. Bitcoin treasury firms accounted for 98% of total inflows in May (approximately $177 million), but this was also a significant decrease from April's $3.8 billion. Non-Bitcoin reserve assets contributed very little, with Zcash, Story, and Sui seeing small inflows, while Litecoin recorded an outflow of $1.89 million. This slowdown further indicates that investors are reassessing passive crypto treasury strategies as factors such as ETFs, net asset value compression, and yield pressures weaken the business model of simply raising funds and holding tokens.