X @Andy

Market Trend & Investment - Signals the official arrival of Stage 3 of Digital Asset Treasuries (DATs) [1] - A new $360 million treasury company, backed by a16z for Intellectual Property ($IP), has entered the market, suggesting potential market mania [1] - The deal represents a16z's potential first involvement in a DAT [1] - Cantor Fitzgerald's potential first underwriting of a non-Bitcoin/Ethereum/Solana treasury company [1] Financial Details - The treasury has a $360 million reserve [1] - $220 million is raised via PIPE (Private Investment in Public Equity), consisting of $100 million in cash and $120 million in $IP tokens [1] - $82 million will be allocated to purchase $IP in the open market [1]