jakiro
Author: Martin
The digital asset treasury (DAT) strategy is rapidly spreading from Ethereum to the Solana ecosystem, and listed companies are voting with real money to compete for scarce assets of the next generation of blockchain networks.
As listed companies include cryptocurrencies on their balance sheets,Digital Assets (DAT) strategy has become an important bridge connecting the traditional capital and the crypto world.
This wave was initially led by Bitcoin, but inMore richer gameplay is being shown on Ethereum, and now Solana is becoming a new focus.
Ethereum DAT model: not only storage, but also the way to make money
The Ethereum DAT model is different from the simple “buy and hold”,itCleverly taking advantage of the unique advantages of the Ethereum ecosystem, high volatility is no longer just a risk, but has become a “catalyst” for financing”.
Ethereum’s historical volatility far higher than Bitcoin poses a huge appeal to hedge funds that conduct Gamma trading,makeETH treasury company can issue convertible bonds under better conditions to reduce financing costs.
at present,Digital Asset Reserves (DAT) controls over 2% of the total Ethereum supply, the degree of institutional participation continues to deepen.
The three giants lead the way, with Ethereum reserves exceeding 3 million
According to Strategic ETH Reserve data, 70 listed companies, project parties or entities have regarded Ethereum as a strategic reserve.Holding a total of more than 4.1 million ETH, with a market value of approximately US$17.6 billion, accounting for 3.39% of the total ETH supply.
in,BitMine, SharpLink Gaming and The Ether Machine are among the top three holdings.
BitMine Immersion TechnologiesAnnounces its total cryptocurrency and cash assets107.71$100 million, including215.1Ten thousandETH(According to Bloomberg’s quotation, each piece4,632Dollar),192Bitcoin,5.69$100 million in cash and2.14$100 millionEightcoEquity,BitMineThe world’s largestETHEnterprise vault, average daily transaction volume20USD ranks first in the U.S. stock market28.
SharpLink Gaming is supported by Ethereum core ecological enterprises such as ConsenSys, and has a high position837,200 ETH,Become the second largest institutional holder.
The Ether Machine495,400 ETHThe market value of ETH holdings of these three companies has exceeded US$10 billion.
SOL DAT accelerates, with more than 10 million ecological reserves
Just as Ethereum DAT is in full swing, the DAT strategy of the Solana ecosystem is accelerating. According to the latest data on September 13,The total holdings of SOL treasury reserves established by 17 entities have reached 11.739 million SOLs, worth US$2.84 billion, accounting for 2.04% of SOL’s current total supply..
According to analyst Emmett Gallic, SOL treasury company Forward Industries currently holds $1.6 billion in funds$1.5 billion to buy SOLPreviously, Galaxy Digital was the first to do the Forward Industries yesterdayIncreased holdings of $400 million worth of SOL, and the company holds in its Coinbase Prime hosting accountSOL has reached about US$1.1 billion.
Helius Medical Technologies(NASDAQ: HSDT) announced a major strategic transformation,Transform into SOL Finance Corporation through over $500 million in private equity investment.
Chris Burniske, partner at Placeholder VC, agrees with Ansem, believing that the SOL Digital Assets (DAT) will boost the ecosystem and create returns that ETFs cannot match.
Pledge income becomes a highlight, DAT enters the 2.0 era
Compared with simple asset holding, the new generation of DAT strategy focuses more on obtaining profits through pledge and other means.Data shows thatAbout 585,000 SOLs in the SOL treasury are used for pledges, worth US$104.1 million, with an average pledge yield of 6.86%..
Upexi Company takes itSOL holdings increased from 73,500 to 1.8 million, almost all for pledges, based on an annualized rate of return of 8%, is expected to generate about $26 million in pledge rewards each year.
This “holding + pledge” model marks the entry of the DAT strategy into the 2.0 era, transforming from passive storage to active value-added, bringing sustainable cash flow revenue to listed companies..
The Chinese circle has also set off a DAT craze. Yunfeng Finance, which is owned by Jack Ma, recently announced that it has purchased 10,000 ETH, and the Hong Kong Digital Asset Listed Companies Association has 49 member units, and many are launching coin hoarding plans.
DAT strategy is becoming the standard path for traditional enterprises to enter the crypto world. From Bitcoin to Ethereum to SOL, from simple holding to staking to interest generation, this evolution is reshaping the institutional structure of the entire crypto market.
