Digital Asset Treasury (DAT)
Public companies that strategically accumulate digital assets(primarily BTC or ETH) as core treasury reserves to drive shareholder value and provide digital asset market exposure.
What is Digital Asset Treasury?
Digital Asset Treasury (DAT or DATCO), refers to public companies that strategically accumulate digital assets (primarily BTC or ETH) as core treasury reserves to drive shareholder value and provide amplified exposure to digital asset markets. These firms, like Strategy (formerly MicroStrategy), hold over $100 billion in assets collectively as of 2025.
DATs act as ETF alternatives in restricted markets, enabling capital efficiency through equity issuance and debt for acquisitions. In 2025, over $15 billion has been raised for DAT strategies.
Related Terms
Perpetual Futures
Also called Perpetual Swap, a derivative contract on a Perp DEX allowing traders to speculate on digital asset prices without an expiration date.
HTTP 402 Payment / x402 Protocol
A standardized HTTP response code and protocol for requesting and processing digital asset payments.
Bitcoin Standard
The Bitcoin Standard refers to a proposed monetary system where Bitcoin serves as the primary global reserve currency, replacing fiat currencies and traditional stores of value like gold.
BTC Gain
The number of Bitcoin added to Strategy's holdings attributable to its BTC Yield over a specified period.
BIS Stablecoin Principles
Bank for International Settlements' guidelines stressing regulation for stablecoins to mitigate financial stability risks and ensure they function as sound money.
DAI/USDS
Stablecoins issued by MakerDAO/Sky, pegged to USD, backed by crypto or real-world assets.