PANews reported on January 22nd that, according to Cointelegraph, Pantera Capital predicted in an X article published Wednesday that digital asset treasury firms may face consolidation in 2026. The largest, most well-capitalized companies will continue to increase their holdings of Bitcoin and Ethereum, while smaller companies will struggle to keep up. The firm predicts a "brutal reshuffling" of the market, ultimately leaving only a few dominant corporate treasuries, with most others being acquired or eliminated, and perhaps only a handful of winners in the long-tail token space surviving. This pattern has been most evident in the Bitcoin and Ethereum asset treasury sector so far this year, with the most well-funded players dominating the accumulation activities.