According to The Block data, the cumulative market capitalization of Digital Asset Treasury Companies (DATs) has risen 10% since mid-August, reaching approximately $340 billion. This remains well below the $490 billion peak recorded when Bitcoin hit an all-time high of around $126,000 in October-November last year. These companies buy and hold cryptocurrencies, raise funds at a premium, and use leverage to accumulate more tokens, with investors betting on amplified returns of the underlying assets.
The Block’s data shows the combined market value of Digital Asset Treasury Companies (DATs) has climbed 10% since mid-August and now sits near $340 billion. Still, that is nowhere close to the $490 billion high from October-November last year, when Bitcoin reached an all-time high of about $126,000.
Here’s how these firms work: they buy and hold cryptocurrencies, raise capital at a premium, and use leverage to stack more tokens. Investors are basically betting these companies can juice returns beyond what the underlying crypto assets would deliver on their own.
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