Solana Ecosystem - Solana DATs (Digital Asset Treasuries) are emerging as a significant factor for SOL [1] - Digital asset treasuries collectively hold 1540万 SOL, representing 2.5% of total supply [1] - Identified 19 companies with disclosed plans to acquire SOL for their treasuries [1] Capital Allocation - Hundreds of millions in newly raised capital are still undeployed, indicating potential future SOL acquisitions [1]

📊 Digital Asset Treasuries (DATs) are rewriting the playbook for corporate finance.From on-chain $BTC reserves to equity-funded flywheels, this new model is bridging TradFi & crypto.Learn more 👇https://t.co/kYmIE0ZMkw ...

Core Insights - Standard Chartered predicts that Ethereum will benefit more from the corporate digital asset treasury trend compared to Bitcoin and Solana in the future [1][7] Group 1: Digital Asset Treasuries - Geoffrey Kendrick, global head of digital assets research at Standard Chartered, notes that consolidation of Bitcoin digital asset treasuries is likely due to recent declines in multiples to net asset value (mNAV) [2] - If mNAVs of Bitcoin treasury firms fall significantly below 1, larger companies like MicroStrategy may acquire them, potentially increasing their Bitcoin exposure at a low cost, although this would not result in new net buying [4] - The number of firms imitating MicroStrategy's strategy has increased from 38 to 89 since the beginning of the year, indicating market saturation [8] Group 2: Comparison of Digital Asset Treasuries - Solana digital asset treasury firms are less established and face growth challenges as Nasdaq tightens oversight [5] - Ethereum digital asset treasury firms are more established than Solana's and are expected to benefit from staking, which will support their mNAVs [6] - The largest Ethereum treasury, Bitmine, holds nearly $10 billion in Ethereum and has a pre-approved strategy, positioning it favorably compared to its peers [6] Group 3: Market Trends - The recent decline in mNAVs of digital asset treasury firms is attributed to market saturation, with Ethereum treasury firms acquiring over 3% of the Ethereum supply and holding over $16 billion in assets in just over three months [8]

Market Trends & Regulatory Landscape - The Federal Reserve cut interest rates by 25 basis points, signaling potential for two more cuts before year-end [1][2] - Senator Elizabeth Warren and other Democrats questioned David Saxs' role and compliance with government employee limits regarding crypto regulation [3][4] - Bullish crypto exchange secured licenses from the New York Department of Financial Services for digital asset trading and custody [6] - Increased acceptance of stablecoins in Washington DC and within the regulated universe is observed [12] Investment & VC Trends - Dragonfly, a $4 billion crypto-focused investment firm, notes increased investment in payments and stablecoin companies [10][11] - Stablecoin and payments deals accounted for nearly 8% of all deals, the highest percentage since 2021 [18] - Amount raised from stablecoin and payments accounted for about 14% of the total amount raised [18] - Institutional adoption of stablecoins is driving VC and investor interest [13][14] Stablecoin Use Cases & Adoption - Cross-border B2B payments are a fast-growing area for stablecoin use, estimated at $100 billion last year [24][25] - Emerging markets are showing increased usage of stablecoin-backed cards and NEO banks [27][28] - Remittance is another key use case, with up to 10% of cross-border peer-to-peer remittance between the US and India happening via stablecoin rails [29] Digital Asset Treasuries (DATs) - There's an acceleration of investing in and interest in digital asset treasury companies [32] - Panta Capital closed more than $500 million in funding to launch a Solana-backed digital asset treasury called Helas [31]

It’s officially DAT szn and by DAT I mean Digital Asset Treasuries.So far we’ve had DATs for the majors BTC, ETH, SOL, BNB and even @worldcoin recently and we’ve all seen what that has done for price action.Makes me wonder if $OPEN is lining up its own DAT 👀..Openledger Foundation (@OpenledgerFdn):𝔻ecentralized𝔸ttestation𝕋echnology ...

NEW YORK, Sept. 16, 2025 (GLOBE NEWSWIRE) -- The Ether Machine, a planned public company following a pending business combination with Dynamix Corporation (Nasdaq: ETHM) (“Dynamix”) and The Ether Reserve LLC, announced today the confidential submission by The Ether Machine of a draft registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”). Andrew Keys, Co-Founder and Chairman of The Ether Machine, said: “The submission of our Form S-4 is a critical step towards becom ...

🚨 LATEST: Standard Chartered says digital asset treasuries will drive market differentiation following recent mNAV collapses, adding DATs benefit $ETH better than $BTC or $SOL. https://t.co/uLswy3ZWEa ...

Xiao Feng's Full Speech in Hong Kong:Xiao Feng stated that Digital Asset Treasuries (DATs) may be better suited than ETFs for crypto, as they are valued by market price, offering greater elasticity, superior liquidity, flexible leverage, and downside protection. He predicted DATs could become the main bridge between crypto and traditional finance within 3–5 years, with scale possibly rivaling ETFs in a decade.Read morehttps://t.co/JnISQhWtDc ...

many seem to be significantly underestimating how aggressively $DOGE could move once it gets going$XRP went from $0.5 to $2.42 in less than 4 weeks last Novemberthat's an almost 500% move that added over $100 billion to its market cap in such a short timeDOGE literally has all the right catalysts to pull off the most parabolic move it’s had in a long time:- first Dogecoin ETF going live next week- Dogecoin DATs are actively twapping and have committed to buying up 5% of the circulating supply- rate cuts sta ...

Funding and Investment - Forward Industries secured $1.65 billion in private funding to establish a corporate Solana treasury [1] - Funding was backed by firms including Galaxy Digital, Jump Crypto, and Multicoin Capital [1] - Multicoin Capital's co-founder Kyle Samani was appointed Chairman of the Board [3] - Round attracted participation from Bitwise, Borderless Capital, SkyBridge Capital, and crypto founders/angel investors [3] Solana Treasury Strategy - Forward Industries plans to build the largest corporate Solana treasury to date [1] - Strategy mirrors MicroStrategy's Bitcoin treasury approach, focusing on $SOL [2] - Galaxy Digital will provide trading, staking, lending, and risk management support [2] - Jump Crypto will bolster Solana's network performance and resilience [3] Solana Network Growth - Solana processed nearly 9 billion transactions in Q2 2025 [3] - Solana onboarded more than 7,500 developers in 2024 [3] - Public companies collectively hold over $1.45 billion in $SOL [5]