Digital Asset Treasury (DAT)

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Preeminent SOL Treasury Company Helius (NASDAQ:HSDT) Announces Corporate Name Change to Solana Company and Letter of Intent with Solana Foundation
Globenewswire· 2025-09-29 12:10
Core Viewpoint - HSDT has rebranded itself as Solana Company, emphasizing its commitment to the Solana blockchain and its mission to maximize SOL per share while providing consistent on-chain yield for investors [1][5][6] Group 1: Corporate Changes - HSDT has filed an amendment to its Certificate of Incorporation to change its name to "Solana Company," while retaining the ticker symbol HSDT [1] - The company has entered into a non-binding letter of intent with the Solana Foundation, committing to conduct all on-chain activities solely on Solana and participate in joint initiatives [2] Group 2: Strategic Initiatives - HSDT is executing a digital asset treasury strategy focused on accumulating SOL tokens, leveraging recent financing of $500 million to support this strategy [3][9] - The company aims to provide access to the Solana network and promote its capabilities through co-hosted events and institutional partnerships [2][9] Group 3: Market Position and Performance - Solana is recognized as the fastest growing blockchain, processing over 3,500 transactions per second and averaging about 3.7 million daily active wallets, with over 23 billion transactions year-to-date [7] - The SOL token offers a ~7% native staking yield, distinguishing it from non-yield-bearing assets like Bitcoin [7]
3 Signs That Leading Cryptocurrencies Could Be Overvalued
Yahoo Finance· 2025-09-27 08:30
Group 1 - The crypto market experienced a significant sell-off on September 22, with Bitcoin dropping by 3% and Ethereum by 9%, attributed to a liquidation of $1.5 billion in leveraged positions [1] - The recent pullback raises questions about whether it is a healthy correction or an indication that top cryptocurrencies are overvalued [1] - The Digital Asset Treasury (DAT) trade, which involved companies buying specific cryptocurrencies, has lost momentum, with a quarter of Bitcoin treasury companies trading below their cryptocurrency holdings [5][7] Group 2 - Notable DAT companies that previously invested in Bitcoin have also started to invest in more speculative cryptocurrencies like Ethereum, Solana, and XRP [3] - The prices of Ethereum, Solana, and XRP surged during the summer due to sustained buying from DAT companies [4] - Some DAT companies, such as Nakamoto Holdings, are facing severe declines, with shares dropping 55%, indicating potential implosion [6] Group 3 - The overall sentiment in the crypto market has turned bearish, as reflected in the Crypto Fear & Greed Index, which indicates a lack of bullish sentiment despite a Federal Reserve interest rate cut [8]
Solana Treasury Gains Cushion Upexi's Business Losses
Yahoo Finance· 2025-09-26 10:12
Core Insights - Upexi's new Solana treasury strategy has successfully offset its annual losses, marking a significant achievement in the Digital Asset Treasury trend [1][2]. Financial Performance - Upexi reported a net loss of $13.7 million for the fiscal period from June 2024 to 2025 [2][6]. - The firm's treasury increased its Solana holdings from 735,692 SOL to over 2 million SOL, with a net asset value of $433 million at a price of $214.76 per SOL [2][6]. - Upexi's treasury has an unrealized profit of approximately $154.56 million, having spent around $306 million at an average price of $151.44 per SOL [3]. Market Position - Upexi is currently the third-largest Solana treasury, holding over 2 million SOL valued at $396 million [6][9]. - The firm experienced a stock price surge of over 600% following the announcement of its Solana treasury strategy in April 2025, although this increase was short-lived [6][8]. Competitive Landscape - Upexi's position has been challenged by competitors, with Forward Industries now leading the Solana treasury space, having acquired 6,822,000 SOL worth over $1.33 billion [8][9]. - DeFi Development Corp. is in second place, increasing its holdings to over 2.09 million SOL valued at $411.225 million [9].
Top Digital Asset Treasuries Double Down on Favorite Coins Amid Market Rout
Yahoo Finance· 2025-09-23 12:02
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]
NAKA shares plunge 54% in a day, reinforcing investor exhaustion toward Bitcoin treasury companies
Yahoo Finance· 2025-09-16 00:00
Core Viewpoint - KindlyMD's stock has experienced a significant decline due to equity dilution concerns and investor fatigue towards digital asset treasury strategies, particularly in the context of Bitcoin investments [1][2][3]. Company Summary - KindlyMD, a Nasdaq-traded medical firm, transitioned into a Bitcoin treasury company after merging with Nakamoto in August and plans to raise up to $5 billion through an at-the-market stock program to expand its Bitcoin reserves [2]. - The company made its first purchase of approximately 5,744 BTC valued at $635 million earlier this month [2]. - The stock price peaked above $15 in late August but has since dropped to $1.28, reflecting a 54% decline in just 24 hours and over 90% in one month [1][2]. Industry Summary - Grayscale's August report highlighted growing investor exhaustion towards digital asset treasury (DAT) companies, noting that Bitcoin exchange-traded products experienced their first monthly net outflows since March, totaling $755 million in redemptions [4]. - The mNAV ratios for major DAT companies have converged toward 1.0, indicating a balance between supply and demand, suggesting that investors are no longer willing to pay premiums for crypto exposure through public equity instruments [5]. - Despite the apparent exhaustion regarding Bitcoin treasury companies, new digital asset treasury announcements for altcoins like Solana and Cronos continue to emerge, indicating ongoing interest from sponsors [6]. - Bitcoin's price uncertainty further complicates the situation, as the market value of companies like KindlyMD becomes closely tied to BTC's performance rather than their underlying business fundamentals [7].
Helius soars after securing funding to launch solana treasury company: CNBC Crypto World
CNBC Television· 2025-09-15 19:08
Today, Bitcoin and Ether fall to start the week and Panta Capital's Cosmo Jen discusses a new Salana focused treasury company. Welcome to CNBC's Crypto World. I'm Mackenzie Sagalos.Major cryptocurrencies in the red to kick off the week, even after President Trump said that trade negotiations between the US and China are going well. Investors are also bracing for a key Fed meeting this week. As of noon Eastern, Bitcoin dipped slightly to the $114,000 level.Ether fell nearly 2% and Salana Soul token dropped n ...
Digital Assets Treasury Management : Why Solana Might Outperform Bitcoin in Corporate Treasury Strategies
Crowdfund Insider· 2025-09-14 17:24
Core Insights - Digital assets are becoming significant treasury reserves in corporate finance, with the Digital Asset Treasury (DAT) model popularized by Strategy, Inc. using Bitcoin to enhance shareholder value [1][5] - Multicoin Capital's Managing Partner argues that Solana (SOL) is a superior choice for DATs compared to Bitcoin (BTC) due to its native properties that better service financial obligations [2][6] - Forward Industries, Inc. raised $1.65 billion in a private investment to build a SOL treasury, aiming to maximize "SOL per share" for investors [3] Digital Asset Treasury Model - The DAT model allows companies to raise capital while linking investor returns to the performance of the underlying asset [1] - The structure includes convertible and perpetual preferred stock, combining debt-like features with equity upside [4] Comparison of SOL and BTC - Samani emphasizes that SOL DATs offer advantages over BTC DATs, particularly in yield generation [6] - Bitcoin does not produce intrinsic yield, relying on external factors, which can introduce risks and minimal returns [7] - In contrast, Solana enables staking, allowing for real yield generation through organic economic activity and Maximal Extractable Value (MEV) [9] Yield Generation - As of September 2025, SOL stakers averaged an annual yield of 8.05%, with 6.19% from inflation and 1.86% from genuine activity and MEV [10] - This yield allows a SOL DAT company to service preferred dividends without liquidating principal holdings, creating a self-sustaining model [11] Strategic Deployment - Forward Industries plans to utilize its treasury across staking, DeFi, and ecosystem grants to generate differentiated yields [12] - This strategy positions SOL DATs as a potential evolution in corporate crypto adoption, rewarding shareholders through appreciation and income [13] Market Positioning - Solana is likened to digital farmland, suggesting its productive potential, although it is still early in its journey to be widely adopted in corporate treasuries [14] - The first-mover advantage in the crypto space is significant, as seen with Ethereum's resurgence [15] - Despite historical price challenges in September, both ETH and BTC are performing well, indicating that SOL could become a viable option for corporate digital asset treasuries in the near future [16]
Why Sharplink's Plan to Stake Ethereum on Linea Got a Muted Response From Investors
Yahoo Finance· 2025-09-08 18:42
Ethereum treasury company Sharplink got a muted response from investors when it told Decrypt last week that it’ll stake a portion of the $3.6 billion worth of ETH in its treasury on Linea once mainnet goes live. The company’s shares, which trade on the Nasdaq under the SBET ticker, are currently trading for $15.73, or 11% less compared to five trading days ago. And now, it’s been the case for a week that users on Myriad, a prediction market owned by Decrypt parent company DASTAN, are doubting that Sharpl ...
X @Wu Blockchain
Wu Blockchain· 2025-09-02 14:42
BNB vs. SOL Treasury Companies:Digital Asset Treasury (DAT) strategies are splitting regionally — BNB-focused firms backed by Asian capital are building long-term treasury positions, while U.S. institutions are creating SOL-centric public vehicles via Wall Street financing tools. While headlines suggest growing demand, much of the activity involves OTC deals or pre-locked tokens.Read morehttps://t.co/gg1g4IIAU1 ...
VivoPower to Present at XRP Seoul 2025 in South Korea
Globenewswire· 2025-08-29 13:15
Core Insights - VivoPower International PLC has been invited to present at XRP Seoul 2025, a significant event in the XRP and Web3 space, scheduled for September 21, 2025 [1][3] - South Korea is a crucial market for VivoPower, with South Koreans holding an estimated $29 billion of XRP, representing 25% of the circulating supply [2][4] - The XRP Seoul 2025 conference is expected to attract over 3,000 attendees and 100 companies from 40 countries, focusing on the XRP ecosystem and industry trends [3] Company Overview - VivoPower is transforming into an XRP-focused digital asset enterprise, aiming to acquire, manage, and hold XRP digital assets as part of a diversified digital treasury strategy [4] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower has two business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases, including digital asset mining [5]