Strategy. Metaplanet. KindlyMD. If you’re an avid watcher of stock prices, you might have seen these names notching eye-popping gains in a single day. They belong to a burgeoning new trend of digital asset treasury companies, businesses that hold large amounts of cryptocurrency even when their day-to-day operations may have nothing to do with crypto or the blockchain technology it relies on.
DATs can be an attractive proxy for investors who want exposure to crypto but don’t want to hold the tokens directly. Unfortunately, values can go down as quickly as they went up, and the market’s getting crowded.
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