Digital asset treasury (DAT) companies have emerged as key drivers of the crypto markets this year, accumulating large reserves of Bitcoin, Ethereum, and an expanding basket of altcoins. Their steady purchases have not only supported spot prices but have also shaped volatility patterns across the market.
The most prominent example is Strategy (MSTR). In less than nine months, the company has added 190,000 BTC, bringing its total holdings to 636,505 BTC. At this pace, MSTR is on track to match its record 2024 Bitcoin purchases.
But it’s not just Bitcoin. Firms like BitMine and SharpLink have also been building large ETH treasuries, helping to drive ETH’s rally to new highs. New DATs are…
Sep 09 2025
