$100B in Crypto? How Digital Asset Treasury (DAT) Stocks Became the Hottest Trend in Finance
Publicly traded Digital Asset Treasury companies hold an estimated $100–120 billion in cryptocurrencies, according to industry analysts. Over 200 such firms existed by fall 2025, with some, like MicroStrategy, amassing massive Bitcoin reserves and experiencing extreme stock volatility. U.S. regulators have contacted more than 200 DATs over suspicious trading. DAT shares sometimes diverge sharply from crypto prices.