@luminousgleam
Crypto treasury activity is accelerating as digital asset treasury companies (DATCOs) – a mix of crypto projects, funds, and even traditional finance firms – buy and hold tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ethena (ENA), and Sui (SUI) as part of long-term investment strategies.
DATCOs collectively hold over $100 billion in digital assets, led by publicly listed companies such as Strategy, Metaplanet, and SharpLink Gaming, according to a recent report by Galaxy. In fact, since June 1, at least 98 companies have announced plans to raise more than $43 billion to buy BTC and other cryptocurrencies, the Wall Street Journal reported.
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