DAT companies are multiplying rapidly. They raise capital → Buy crypto → Watch asset values drive stock prices higher → Then issue more shares to buy more crypto It's a flywheel that's attracting massive attention. ➠ Pension funds, sovereign wealth funds & insurance companies can't buy crypto directly due to regulations ➠ But they can buy shares of companies that hold crypto treasuries ➠ This creates legitimate channels for trillions in institutional capital to flow into crypto markets But the cycle feeds on itself as long as crypto prices rise. Yes current DATs have some stability (lower leverage, diversified crypto strategies, regulatory reporting requirements) But modified versions will emerge soon. Companies who’re struggling will acquire public firms & convert them purely into crypto holding. > When the crypto prices decline, the flywheel will reverse its direction > Weakest DATs will start selling to defend stock prices > This will create downward pressure that accelerates across the sector Remember DAT’s solve institutional access problems + create new sources of market volatility.

DAT stands for digital asset treasury. It is a structure that continuously increases EPS (earnings per share) through asset management by simply holding tokens.

Damn so DAT is actually tredning rn

Thanks Yashas!