Digital Asset Treasury Companies Now Holding $135,000,000,000 in Total Assets, According to VanEck
Asset manager VanEck says companies holding digital asset treasuries (DATs) have now accumulated over $135 billion worth of cryptocurrencies.
In a new report, VanEck notes that September saw a large inflow of capital into DATs, with Strategy (MSTR) dominating about 53% of the total assets under management.
Sasys the firm,
“Thematically, September 2025 was characterized by the continued growth of digital asset treasuries (DATs), which swelled to hold around ~$135B in assets (~53% in MSTR). DATs are entities that utilize financialization to increase common share exposure to digital assets. Some DAT EVs currently trade at mNAV premiums to the value of their digital asset treasury holdings. We believe this is partly explained by the market assigning a premium to entities that have a credible long-term ability to increase per-share digital asset exposure. To purchase more digital assets, companies often sell securities whose valuations are linked to the underlying volatility of the company’s stock.
In order to ‘reap’ the benefits of the volatility of their common shares (and the underlying digital assets), these entities must price the volatility they are selling well below the implied volatility of options. This allows sophisticated market participants to buy relatively cheap volatility (through common shares, convertible debt, or warrant sales) and hedge against relatively expensive options portfolios. These savvy traders then expect the volatility of the two positions to converge over time, enabling a profit on the trade.”
Although Strategy was the first company to adopt a digital asset treasury (DAT) strategy in 2020, and by September 2025, more than 200 companies worldwide have now followed suit.
Generated Image: DALLE3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu’s Focus on Privacy Aims to Draw DeFi Interest Amid Price Challenges
- Shiba Inu (SHIB) stabilizes near $0.00000851, with traders monitoring $0.000008390 support and $0.000008840 resistance amid a descending channel pattern since early 2025. - A 1.7% weekly gain contrasts with a 17.4% drop from its 14-day high, while $132.8M trading volume highlights uncertainty despite a privacy-focused Shibarium upgrade integrating Zama's FHE technology. - Technical indicators show fragile equilibrium, with bearish EMAs and $380K net outflows reinforcing distribution trends, though analys
Bitcoin News Update: Greenidge Transitions to AI as Bitcoin Mining Faces Rising Expenses and Regulatory Challenges
- Greenidge Generation , a Bitcoin miner, shifts to AI/HPC amid industry cost and regulatory pressures. - Bitcoin mining profitability declines as hashrate hits 1.16 ZH/s and hash prices fall below $35. - Companies like Bitfarms abandon Bitcoin for AI/HPC, while CleanSpark reports $766M mining revenue surge. - Regulatory scrutiny intensifies over foreign mining hardware, with BlockQuarry promoting domestic alternatives. - Energy costs and debt disputes force Tether to halt Uruguayan mining, highlighting se
Bitcoin News Update: Institutions Favor Bitcoin's Reliability as Altcoin Growth Slows
- Bitcoin's market dominance exceeds 54%, driven by waning altcoin momentum and institutional preference for stability. - Altcoin Season Index at 23 signals Bitcoin-centric trends as macroeconomic pressures and regulatory uncertainty weaken alternative cryptocurrencies. - Institutional investors prioritize Bitcoin's scalability and infrastructure, exemplified by Bhutan's Ethereum integration and Bitcoin Munari's fixed-supply presale model. - Analysts highlight Bitcoin's role as a macroeconomic barometer, w
MMT Token TGE: Is This the Dawn of a New Era for Digital Asset Foundations?
- MMT Token's 2025 TGE secured $100M valuation from Coinbase Ventures, OKX, and Jump Crypto, with 1330% price surge post-launch. - Momentum DEX on Sui reported $13B trading volume and $320M TVL, leveraging CLMM architecture and cross-chain RWAs for institutional appeal. - 55% of hedge funds now hold digital assets, driven by U.S. CLARITY Act and EU MiCA 2.0, as MMT's RWA focus bridges traditional and blockchain finance. - Despite macroeconomic risks like 34.6% post-TGE volatility, MMT's governance model an
Trending news
MoreCrypto prices
More
