@enchantedhopes
Bitcoin, Ethereum, and many other crypto assets have also been supported by purchases by digital asset treasuries (DATs). DATs are publicly traded companies that hold crypto assets and provide equity investors with exposure to cryptocurrencies. Strategy (formerly MicroStrategy), the digital asset treasury with the largest Bitcoin holdings, purchased an additional 3,666 BTC (approximately $400 million) in August. Meanwhile, the two largest Ethereum treasuries purchased a combined 1.7 million ETH (approximately $7.2 billion).
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