Top Digital Asset Treasuries Double Down on Favorite Coins Amid Market Rout

Core Insights - The digital asset treasury (DAT) race is rapidly gaining traction among institutions and investors, who are aggressively acquiring cryptocurrencies despite a recent $1.7 billion liquidation event in the market [1][5] - Major firms are making significant purchases, with Strive acquiring DAT and Semler Scientific, resulting in a treasury holding of 10,906 BTC, while BitMine increased its ETH holdings to 2.4 million ETH valued over $10 billion, representing more than 2% of Ethereum's total supply [2][3] - New entrants in the DAT sector include Fragmetric Labs and DeFi Development Corp., launching the first Solana DAT in South Korea, and Helius Medical Technologies acquiring over 760,190 SOL worth around $166 million [3][4] - The sector is evolving, with companies like Amber International Holding Limited providing infrastructure solutions for DATs [4] - Despite substantial investments, the crypto market has not seen significant upward movement, remaining stable after recent volatility, with market participants awaiting statements from the Federal Reserve that could influence momentum [5][6] - Publicly traded BTC treasury firms collectively hold over 1.03 million BTC, with Bitcoin, Ethereum, Solana, and Ripple being the most favored cryptocurrencies among DATs [7]