Digital Asset Treasury Companies Drive New Wave of Corporate Crypto Holdings

Crypto treasury activity is accelerating as digital asset treasury companies (DATCOs) – a mix of crypto projects, funds, and even traditional finance firms – buy and hold tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ethena (ENA), and Sui (SUI) as part of long-term investment strategies.

DATCOs collectively hold over $100 billion in digital assets, led by publicly listed companies such as Strategy, Metaplanet, and SharpLink Gaming, according to a recent report by Galaxy. In fact, since June 1, at least 98 companies have announced plans to raise more than $43 billion to buy BTC and other cryptocurrencies, the Wall Street Journal reported.

The rise of crypto treasuries underscores how companies are shifting their approach to managing funds. By betting on digital assets – and their value increasing in the future – companies are likely hoping they can finance their operations while reducing the need to secure capital through share sales or debt issuance.

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