Crypto Treasury Firms’ Market Value Rises to $340 Billion as Altcoin DATs Stand Out

Forecast Trend Report by Period

The market capitalization of digital asset treasury companies, or DATs, has resumed growing, with altcoin-focused firms posting returns that outpace those of the tokens they hold.

The Block reported on Sept. 2 that the combined market value of crypto DATs has climbed about 10% since mid-August to around $340 billion. That remains below the roughly $490 billion reached in October and November last year, when Bitcoin traded near its record high of about $126,000.

DATs raise money through share sales and other financing, then use the proceeds to buy and hold cryptocurrencies such as Bitcoin and Ether. When a company’s valuation trades at a premium to the value of its crypto holdings, it can raise additional funds through new stock issuance and use that capital to buy more digital assets.