Digital Asset Treasury (DAT) Report, Volume 1: Background and Introduction
Over the past five years, the Digital Asset Treasury (DAT) model has progressed from a niche experiment into a recognized capital market trend, embraced by firms ranging from MicroStrategy in the United States to Metaplanet in Japan, as well as dozens of other publicly listed companies worldwide. DAT companies have not only reshaped the balance sheet of their companies by incorporating digital assets such as Bitcoin and Ethereum but also provided investors with a way to differentiate themselves from their competitors. By incorporating digital assets such as Bitcoin and Ethereum into their balance sheets, DAT companies not only reshape their capital structure but also provide investors with an alternative investment opportunity that is different from ETFs and funds.