Digital Asset Treasuries Reach $105 Billion in Holdings
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Digital Asset Treasuries (DATs), often described as the balance sheets of crypto ecosystems, now collectively manage an estimated $105 billion in Bitcoin, Ethereum, and Solana. This positions them as some of the largest holders of digital wealth outside of exchanges and custodians.
Once primarily “rainy-day funds” for developer teams and marketing, DATs are increasingly acting like institutional investors. They invest, deploy liquidity, and fund ecosystem growth, drawing comparisons to traditional conglomerates like Berkshire Hathaway.
Analysts say the rise of DATs signals a shift in crypto markets away from hype-driven volatility toward capital-intensive, sustainable strategies. However, many treasuries still lack professional management, leaving some vulnerable to misallocation or collapse.
They’re basically the balance sheets of crypto ecosystems now, rivaling exchanges. 
