The Rise of Digital Asset Treasury Companies A new wave of public companies is using crypto as a capital strategy. $100B+ in BTC, ETH, & more Here's what you need to know 🧵

A DATCO is a public company that accumulates crypto as its core business strategy.

Bitcoin dominates by far. However, newer players are accumulating altcoins too.

Strategy and other players are sitting on massive unrealized gains.

These DATCOs are going global.

Not all DATCOs are valued equally. Equity premiums to NAV vary wildly.

This is just the beginning. Full breakdown of the risk scenarios in our report.