Crypto Treasuries Could Be Blockchain’s Berkshire Hathaway
Ryan Watkins, co-founder of the thesis-driven hedge fund Syncracy Capital, shared his vision that crypto treasury companies that accumulate tokens could soon transition from being viewed as speculative investments to lasting economic powerhouses for blockchains.
In a blog post, Watkins highlighted recent analysis pointing out that digital asset treasuries (DATs) collectively hold around $105 billion in assets. This includes Bitcoin, Ether, and other significant cryptocurrencies. Notably, DAT companies are publicly traded firms that raise funds to purchase and manage cryptocurrencies on their balance sheet.
Concerning DAT’s recent asset holdings, Watkins asserted that most investors in the crypto market have not yet recognized…
