Pantera Capital reveals it has invested over $300 million in crypto treasury companies
Pantera Capital has revealed it has invested over $300 million into digital asset treasury (DAT) companies to date, a growing category of public firms that hold crypto reserves on their balance sheets.
Pantera disclosed the figure for the first time in its latest blockchain letter published Tuesday. The firm said its investment thesis for DAT companies is simple: “DATs can generate yield to grow net asset value per share, resulting in more underlying token ownership over time than just holding spot. Therefore, owning a DAT could offer higher return potential compared to holding tokens directly or through an ETF.”
Notably, Pantera has raised two DAT-specific funds recently without disclosing the sizes of the funds. But Pantera Capital…
