Insight Digital Partners II (DYOR)
Market Price (3/27/2026): $9.94 | Market Cap: $228.6 MilSector: Financials | Industry: Multi-Sector Holdings
Insight Digital Partners II (DYOR)
Market Price (3/27/2026): $9.94Market Cap: $228.6 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 1.5% | Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% | Key risksDYOR key risks include [1] failing to complete a business combination, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -62% |
| Low stock price volatilityVol 12M is 1.5% |
| Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -62% |
| Key risksDYOR key risks include [1] failing to complete a business combination, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Insight Digital Partners II (DYOR) stock has remained largely at the same level since 11/30/2025 because of the following key factors:
1. SPAC Structure and IPO Price Stability: As a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) at $10.00 per unit in October 2025, Insight Digital Partners II's stock price has largely remained at this level. This stability is inherent to the SPAC structure, where shares typically trade near their trust value before a business combination, offering investors a redemption option for approximately the IPO price if a merger is not approved or completed.
2. Absence of a Definitive Business Combination: Since its IPO, Insight Digital Partners II has not announced a definitive merger or acquisition target within its focused high-growth digital economy sectors. The company's valuation is primarily dependent on the successful identification and completion of a transformative business combination. Without a specific deal or target announcement, there is no significant catalyst to drive the stock price substantially above its IPO value.
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1. SPAC Structure and IPO Price Stability: As a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) at $10.00 per unit in October 2025, Insight Digital Partners II's stock price has largely remained at this level. This stability is inherent to the SPAC structure, where shares typically trade near their trust value before a business combination, offering investors a redemption option for approximately the IPO price if a merger is not approved or completed.
2. Absence of a Definitive Business Combination: Since its IPO, Insight Digital Partners II has not announced a definitive merger or acquisition target within its focused high-growth digital economy sectors. The company's valuation is primarily dependent on the successful identification and completion of a transformative business combination. Without a specific deal or target announcement, there is no significant catalyst to drive the stock price substantially above its IPO value.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
11/30/2025 to 3/26/2026| Return | Correlation | |
|---|---|---|
| DYOR | 0.6% | |
| Market (SPY) | -5.3% | 10.4% |
| Sector (XLF) | -7.7% | 0.7% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 3/26/2026| Return | Correlation | |
|---|---|---|
| DYOR | ||
| Market (SPY) | 0.6% | 4.7% |
| Sector (XLF) | -8.5% | -3.4% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/26/2026| Return | Correlation | |
|---|---|---|
| DYOR | ||
| Market (SPY) | 9.8% | 4.7% |
| Sector (XLF) | -4.7% | -3.4% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/26/2026| Return | Correlation | |
|---|---|---|
| DYOR | ||
| Market (SPY) | 69.4% | 4.7% |
| Sector (XLF) | 44.1% | -3.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DYOR Return | - | - | - | - | -1% | 0% | -0% |
| Peers Return | 27% | -80% | 352% | 1% | -11% | -7% | -4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| DYOR Win Rate | - | - | - | - | 50% | 33% | |
| Peers Win Rate | 42% | 32% | 67% | 45% | 58% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| DYOR Max Drawdown | - | - | - | - | -1% | -0% | |
| Peers Max Drawdown | -25% | -82% | -8% | -36% | -37% | -24% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COIN, MARA, RIOT, CLSK, PYPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/26/2026 (YTD)
How Low Can It Go
DYOR has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to COIN, MARA, RIOT, CLSK, PYPL
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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About Insight Digital Partners II (DYOR)
We are a special purpose acquisition company incorporated on July 11, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination in any business or industry but expect to target opportunities and companies that are in high-growth, high impact sectors that form the backbone of the digital economy including Payment Gateways, Stablecoin, Exchanges, Crypto Miners, Crypto Holding and Trading, High Performance Computing, Energy, and Crypto Treasury Strategy. While we may pursue an initial business combination in any industry, sector or geographic region, we intend to focus our search initially on identifying companies in high-growth, high impact sectors that form the backbone of the digital economy including Payment Gateways, Stablecoin, Exchanges, Crypto Miners, Crypto Holding and Trading, High Performance Computing, Energy, and Crypto Treasury Strategy, but we are not required to complete our initial business combination with a business in these industries and, as a result, we may pursue a business combination outside of these industries. We expect to pursue global businesses but may also acquire a domestic company. We do not intend to acquire companies that are excessively leveraged. Our executive offices are located in New York, NY.
AI Analysis | Feedback
- It's like a publicly-traded venture capital fund (e.g., Andreessen Horowitz or Sequoia Capital) that's specifically looking to acquire one private crypto or digital economy company and take it public.
- It's like a publicly-traded talent scout (similar to how a major record label or movie studio finds a rising star) specifically searching for one promising private digital economy or crypto business to bring to the public stock market.
AI Analysis | Feedback
- Business Combination Facilitation: Insight Digital Partners II's primary service is to identify, acquire, and merge with a private operating company, bringing it public through a business combination.
AI Analysis | Feedback
```htmlInsight Digital Partners II (DYOR) is a Special Purpose Acquisition Company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. As of the provided description, the company has not yet selected any business combination target and has not initiated any substantive discussions. Therefore, Insight Digital Partners II currently has no operational businesses or customers, as its primary activity is to find and acquire a target company.
```AI Analysis | Feedback
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Michael Singer, Chief Executive Officer and Executive Chairman
Michael Singer is the Managing Partner of Insight Private Equity Funds and Alternative Insight. He previously served as CEO of Insight Acquisition until its 2024 merger with Alpha Modus (Nasdaq: AMOD). He is described as a repeat SPAC sponsor who completed a value-creating transaction.
Glenn Worman, Chief Financial Officer
Glenn Worman is a partner at SeatonHill Partners.
Chelsea Saffran, Communications Director
Chelsea Saffran serves as the Communications Director for Insight Digital Partners II.
AI Analysis | Feedback
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- Inability to complete an initial business combination: As a special purpose acquisition company (SPAC), Insight Digital Partners II's primary purpose is to effect a business combination. The company has not yet selected any business combination target nor initiated any substantive discussions, meaning there is a significant risk that it may not be able to identify or successfully complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination within the required timeframe. If an initial business combination is not completed, the company would likely liquidate, and investors might only receive a portion of their initial investment.
- Risks associated with highly speculative and volatile target sectors: Insight Digital Partners II intends to focus its search on companies in high-growth, high-impact sectors that form the backbone of the digital economy, including Payment Gateways, Stablecoin, Exchanges, Crypto Miners, Crypto Holding and Trading, High Performance Computing, Energy, and Crypto Treasury Strategy. These sectors are inherently speculative, subject to rapid technological changes, intense competition, significant market volatility, and evolving regulatory environments. An acquisition in these areas would expose the combined entity to substantial business, financial, and regulatory risks, which could negatively impact its future performance and valuation.
- Competition for suitable acquisition targets: The market for suitable business combination targets in high-growth sectors is highly competitive, with numerous other SPACs, private equity firms, and strategic buyers also seeking attractive acquisition opportunities. This intense competition could make it difficult for Insight Digital Partners II to identify and secure a desirable target company at a reasonable valuation, potentially leading to increased acquisition costs or an inability to find a suitable partner.
AI Analysis | Feedback
The intensifying and evolving global regulatory scrutiny and potential for restrictive legislation in the cryptocurrency and digital asset sector poses a clear emerging threat. As Insight Digital Partners II has explicitly stated its intention to target companies in high-growth, high-impact sectors that form the backbone of the digital economy, including Payment Gateways, Stablecoin, Exchanges, Crypto Miners, Crypto Holding and Trading, and Crypto Treasury Strategy, new regulations or enforcement actions could significantly curtail the operational viability, growth potential, or valuation of prospective acquisition targets in these areas. This could severely limit the pool of attractive businesses for DYOR to acquire, making it challenging to complete its initial business combination within its stated focus.
AI Analysis | Feedback
Here are the addressable market sizes for Insight Digital Partners II's main products or services:Payment Gateways:
- Global: The payment gateway market was valued between approximately $25.7 billion and $50 billion in 2025.
- U.S.: The United States payment gateways market size was valued between approximately $6.1 billion and $38.63 billion in 2025.
Stablecoin:
- Global: The stablecoin market capitalization ranged from approximately $282 billion to $390 billion in 2025.
- U.S.: USD stablecoins surpassed $220 billion in market capitalization as of Q1 2025.
Exchanges (Crypto):
- Global: The cryptocurrency exchange platform market size was between approximately $30.4 billion and $58.9 billion in 2025.
- U.S.: North America was the largest region in the cryptocurrency exchange platform market in 2025 and accounted for approximately 45% of the global market share in 2025. This implies an estimated U.S. market size between approximately $13.68 billion and $26.5 billion in 2025.
Crypto Miners:
- Global: The global cryptocurrency mining market size was valued between approximately $1.8 billion and $4.66 billion in 2025.
- U.S.: The U.S. currently dominates the global cryptocurrency mining market, holding an estimated market share of 44.1% in 2025. This implies an estimated U.S. market size between approximately $0.79 billion and $2.05 billion in 2025.
Crypto Holding and Trading:
- The market for crypto holding and trading is largely encompassed within the "Exchanges (Crypto)" market mentioned above, as exchanges facilitate both activities.
High Performance Computing (HPC):
- Global: The global high performance computing market size was between approximately $43.5 billion and $60.2 billion in 2025.
- U.S.: The U.S. high performance computing market size was between approximately $11.62 billion and $19.4 billion in 2025.
Energy (for digital economy, data centers):
- U.S. Data Center Market: The overall United States data center market was estimated to be valued at approximately $41.8 billion in 2025. (Note: This figure represents the entire data center market, of which energy consumption is a significant component.) The electricity demand from data centers in the U.S. is projected to rise to 61.8 GW in 2025.
Crypto Treasury Strategy:
- null
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nullTrade Ideas
Select ideas related to DYOR.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.98 |
| Mkt Cap | 4.0 |
| Rev LTM | 907 |
| Op Inc LTM | -167 |
| FCF LTM | -1,045 |
| FCF 3Y Avg | -828 |
| CFO LTM | -503 |
| CFO 3Y Avg | -265 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 38.2% |
| Rev Chg 3Y Avg | 39.3% |
| Rev Chg Q | 3.7% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Mgn LTM | -21.2% |
| Op Mgn 3Y Avg | -27.5% |
| QoQ Delta Op Mgn LTM | -7.2% |
| CFO/Rev LTM | -64.0% |
| CFO/Rev 3Y Avg | -48.1% |
| FCF/Rev LTM | -133.1% |
| FCF/Rev 3Y Avg | -121.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.0 |
| P/S | 3.4 |
| P/EBIT | -2.4 |
| P/E | -2.4 |
| P/CFO | -3.9 |
| Total Yield | -10.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -20.1% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.9% |
| 3M Rtn | -16.1% |
| 6M Rtn | -32.0% |
| 12M Rtn | -5.3% |
| 3Y Rtn | 47.4% |
| 1M Excs Rtn | 1.6% |
| 3M Excs Rtn | -9.8% |
| 6M Excs Rtn | -31.9% |
| 12M Excs Rtn | -19.7% |
| 3Y Excs Rtn | -34.6% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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