X @Consensys.eth

Ethereum DATs (Digital Asset Treasuries) Strategy - DAT strategy tracks capital inflows and differentiates through various approaches [1] - DAT model is inspired by MicroStrategy's BTC strategy, but ETH treasuries have advantages like staking yield and programmable finance [2] - DATs aim to provide a pure ETH exposure vehicle for institutions that can't or won't buy spot or ETF [2] Market Opportunity & Risks - Less than 0.1% of institutions currently own ETH, indicating significant potential for institutional adoption [2] - Ethereum is perceived to be at its "2017 moment," suggesting an incoming institutional flood [2] - The biggest risk is not being exposed to ETH and AI [4] Capital & Treasury Management - Creative treasury management is critical, favoring unsecured converts over toxic secured debt [3] - Equity financing above NAV (Net Asset Value) and leveraging liquidity + yield are important [3] - Top-tier DATs will survive by focusing on yield, infrastructure building, regional presence, and multi-token strategies [4] Industry Perspectives - Ethereum is considered the trust layer of the decentralized global economy [4] - Ethereum is in a supercycle, with Wall Street and AI building on-chain [4] - DATs compound ETH/share via yield and treasury strategy [4]