The Wall Street’s Princeton Mafia Behind Bitcoin and Ethereum Treasuries

Group 1 - The article discusses the emergence of Digital Asset Treasuries (DATs) as a significant trend in the crypto market, driven by a network of influential Princeton alumni [2][3] - Key figures such as Mike Novogratz, Dan Morehead, and Joe Lubin are central to these billion-dollar treasury deals, which have raised over $44 billion from global investors [3][4] - DATs utilize Wall Street strategies to raise capital, acquire crypto tokens like ETH and Solana, and hold them on balance sheets, contributing to the crypto market's momentum [4][5] Group 2 - The collaboration among the "Princeton Mafia" extends beyond investments, as they have also funded initiatives like Princeton's Center for the Decentralization of Power Through Blockchain Technology [7] - Recent data indicates a significant decline in Bitcoin purchases by DATs, dropping 76% from 64,000 BTC in July to 15,500 BTC in September, raising concerns about the sustainability of the DAT model [8]