DATS (Digital Asset Treasuries) has become one of Crypto’s most polarized trends. Supporters say they increase and return tokens. Critics see optics that are a problem that major holders are quietly engaged in cash.
It is at risk of billions of dollars, such as President Donald Trump, the founder of Vine Language, Changpeng Zhao and Tron.
Brian Rudick, who works as the chief strategic director Solana Treasury Company Upexi was a vocal supporter of DATS.
“Most digital asset financial companies increase the price of tokens and users, developers and DApps, “Rudick told the block” (they) In particular, the visibility of the token ecosystem can be practically enhanced between traditional investors and institutions. “
The DAT concept dates back to Michael Saylor’s decision to change MicroStrategy, a software company that was openly traded five years ago into Bitcoin’s accumulation. After the price of the BTC took off, especially at the end of last year, the shareholder value of the strategy rose exponentially. The company’s Bitcoin Pivot suddenly appeared as a genius, and the success of the strategy was inspired by Capicat in encryption.
The DAT craze began to spread slowly in 2024, and initially started with other companies that announced the Bitcoin financial strategy. Soon after, the companies were pivot to accumulate a large number of popular coins such as Ether Leeum and Solar.
Lastly, the passion led to the Treasury, a new variety of DAT, Altcoin, which had a direct relationship with the people close to the tokens. But the nature of the transaction and The intimacy of this newly formed DATS (often small NASDAQ stocks) and token developers, the largest supporters and major holders has increased eyebrows.
Steven Zheng, the research director of the block, said, “The composition of these many digital assets includes insiders of assets created by these companies.
Digital Treasury, supported by Trump for unlisted tokens
that Trump Family Support Encryption Venture Venture World Liberty Financial has raised $ 1.5 billion to start the Treasury for WLFI governance tokens this week, and has not been traded and has started a coin that is not listed on the exchange.
Soon after, ZACH Witkoff, co -founder of World Liberty We have disclosed specific details related to converting ALT5, a small technology company, into a WLFI accumulation machine.
Witkoff said in a television interview with CNBC, “If you look at the free market, our token (WLFI) is a transaction between $ 0.35 to $ 0.90, which shows a completely diluted assessment of $ 35 billion to $ 90 billion in television interviews with CNBC. It was acquired by the evaluation of 0.20. If you get a simple average of market free market trading, you will be given a valuation of about $ 0.56. I thought this was a 64% discount on the acquisition of ALT5.
World Liberty has reached $ 15 billion and essentially exchanged WLFI tokens to ALT5 stocks. Eric Trump will also work with Witkoff at ALT5’s board of directors, the company said. President Trump and his sons advocate world free projects.
World Liberty did not immediately respond to requests.
Open network DAT discount
This month, the verb, which is listed in NASDAQ, said it would raise $ 555 million to accumulate the basic token or ton block chain of Open Network. Venture Capital Company Kingsway Capital, Ribbit Capital and VY Capital have participated in millions of dollars. TON said that Toncoin was held in 2023 as an exclusive blockchain connected to Telegram, a messaging app operated by Pavel Durov.
According to the presentation of investors submitted to the SEC, the brand change of verb technology and ton strategy will benefit from purchasing at a discounted price. “Based on the existing relationships between Ton Strategy Co., Ltd., executives and torture, the company believes that the company can secure a significant supply of tones with a 40% discount on market prices.”
According to Ton spokesman, Kingsway Capital, Vy Capital and Ribbit have been at least when they have participated in mass purchases worth $ 400 million from Ton’s believers since March. Kingsway Capital CEO Manuel Stotz is currently a Ton Foundation Chairman and is also a chairman of the recently established DAT and TON strategy.
Some Crypto insiders say they are familiar with closed loop trading along with transactions such as Ton Strategy and World Liberty.
“Information, which is a gray area of encryption, can be considered as the inner information of the stock. “The rich man in the industry said,” I prefer to maintain anonymity.
The TON Strategy and the Tone Foundation refused to comment.
Other famous DAT transactions welcome welcome investigations.
World freedom and tone strategy are not alone. Projects such as Binance founder Changpeng Zhao and TRON’s founder Justin Sun have similar knit trading mechanics.
In the case of Zhao, his family investment office led $ 500 million in investment to convert the NASDAQ listed CEA industry into the BNB Treasury. Suspected that he had a net asset over billions of dollars, he said earlier this year, 98%of his encryption was held in BNB.
Toy maker in June SRM Entertainment, traded at NASDAQ, has signed a “purchase agreement with private investors with private investors,” in NASDAQ to “start” the “DAT strategy that focuses on accumulating the basic token TRX of TRON Network.” At the same time, TRON’s founder Sun was selected as the company’s advisor.
SRM Entertainment changed its brand to TRON Inc. to 335 million TRXs in the balance table, and TRON Inc. has claimed TRX tokens as the largest holding company. At the end of last month, the solar connection dat Submission A Shelf To buy more TRX, we issue up to $ 1 billion in securities.
The stock of Hyperliquid dats moved early
The DAT transaction for Hyperliquid’s basic over -advertising tokens helped the project’s VC sponsor paradigm helped to form a transaction. The formation of the Ministry of Advertising and Treasury has been converted to a DAT model, including Sonnet Biotherapeutics, Inc., a “oncology center” biotech. The company is changing to Hyperliquid Strategies Inc.
Nearly two weeks earlier than the announcement, after Sonnet’s stock was stagnant between $ 1.00 and $ 1.50, the company’s stock began to rise after the company began to rise after granting a $ 2.0 million value after the company completed the sale to a specific official official of convertible memo. At one point, Sonnet’s share price rose more than 300% due to an increase in trading volume. According to Yahoo Finance, Sonnet’s share price has risen to almost $ 10 after the company announced Pivot to the Over Advertising Treasury.
“We have heard a lot of institutional demands for exposure to the ring type, but token hype in the United States is difficult to access,” said Matt Huang. “We are pleased with this financial strategy. We believe this strategy will contribute to the ring -type ecosystem in many ways over time.”
In the mid -July announcement, the company is expected to have an over $ 12.6 million overdue token according to the spot price, and it is based on the price per week. The new ownership of DAT is probably a bit complicated. Sonnet began “a business combination and additional sponsor with Rorschach I LLC, a newly formed company with a paradigm affiliate, Atlas Merchaant Capital LLC.”
Rorschach currently owns 98%of Sonnet, and is now a hyper liquid strategy. Galaxy Digital and Pantera Capital, above all, participated in the formation of DAT.
This type of transaction, which ahead of the announcement, is likely to strengthen the idea that insiders can benefit unfairly.
Komoto CTO Kadan Stadelmann asked about the new wave of a new DATS that has a relationship between founders and large holders.
“The financial company brings money from the VCS or Foundation and does not manage assets when purchasing the same VC owned by the same VC, and manufactures liquidity liquidity, Stadelmann said.
The paradigm refused to comment. The Kori Liquid Strategy CEO did not immediately respond to the request.
Loyalty CEO Mara Schmiedt took a more optimistic position. Executives are looking forward to seeing the encryption project to establish a publicly listed company to improve responsibility.
“She is expected to maintain a strong conflicting policy by complying with strict public requirements and a publicly registered company. “She takes responsibility to increase the standards of the entire ecosystem when the company participates in the Cryptographic Treasury.”
‘My rich trading is a crime’
The recently formed Sui Treasury Company supporters seem to be making additional efforts to create descriptive investors.
Mill City Ventures CIO Stephen Mackintosh said, “My rich transaction is a crime.” He did not buy “tokens locked from investors who wanted to get out of the investment schedule.”
Mill City Ventures, a short -term non -bank loan agency listed on NASDAQ at the end of July, turned into a SUI financial strategy through a $ 450 million personal deployment. In addition to constructing some of the new leadership team in Mill City, Mackintosh is a co -founder of KARATAGE -based Hedge Fund, and has been a senior investor of personal deployment.
Mill City said he negotiated to buy SUI tokens at a discount on SUI FOUNDATION. Mackintosh, but so far, the discounts are especially reasonably smaller than the transactions of the World Liberty and Ton Strategy.
SUI Treasury Company said that this week’s average price has acquired about $ 5.6 million in SUIs, bringing the total supply to nearly 81,9 million tokens. The price was slightly lower than the $ 3.80 and $ 3.90 range between the previous day.
Mackintosh, who has long been tied to Sui Foundation and developers of basic technology Mysten Labs, said his team’s shares will be locked for 12 months. “Our shareholders, the SUI community and investor community, are focusing in the long run. “He also said that DAT is buying in Sui Foundation. “About 2 years” is locked for two years.
“We believe that asset SUI will be complex in the next 10 years.” McKintosh said. “teaThe hat is proved by Michael Saylor.
Update: The “sponsor” in the ring strategy has been named and added that the Galaxy Digital and Petera Capital participated in the formation of DAT. It also announced that more details on the increase in Sonnet BiotherapEutics will pursue overdue financial strategy.
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