According to @VanessaGrellet_, digital asset treasury companies are expanding but face governance risks including opaque structures, inflated insider pay, weak disclosure, and misalignment with public shareholders, driving a rapid rise in shareholder activism, source: @VanessaGrellet_. The author cites ongoing campaigns such as YZI Labs pushing to overhaul BNC’s board and Glazer Capital challenging Anthony Pompliano’s Bitcoin-DAT, with shareholders demanding transparency, discipline, and fair economics in crypto-treasury governance, source: @VanessaGrellet_.