A surge in listed companies using the "digital asset reserve (DAT)" strategy, with the expansion into altcoins.

The strategy of 'Digital Asset Treasury (DAT)' where listed companies strategically purchase and hold virtual assets is spreading. This is due to the expanding atmosphere of traditional financial sectors recognizing virtual assets as alternative investment assets.

According to the industry on the 15th, there are increasing cases of incorporating various altcoins beyond Bitcoin (BTC) as strategic assets, centered in the United States. This is a move to diversify revenue sources and improve operational efficiency. By operating held coins through staking and DeFi, additional revenue can be generated. The recent virtual asset bull market is raising expectations that it can drive both stock prices and asset value increases simultaneously.



Nasdaq-listed 180 Life Sciences announced on the 12th (local time) that it holds approximately $349 million worth of Ethereum (ETH). The company also decided to change its name to ETHZilla. The company invested the entire funds raised through convertible bonds and private placement in purchasing ETH. The company's stock price has surged 1,088.89% in the past month as of the 14th.

Bitmine Immersion Technologies, listed on the New York Stock Exchange, also announced on the same day that it holds approximately 1.15 million (equivalent to $496 million) ETH. The company plans to raise up to $20 billion through stock issuance to expand its holdings. Bitmine currently holds about 1% of the total ETH circulation. Its long-term goal is to increase this to 5%.

There are increasing cases of incorporating altcoins such as Solana (SOL), Sui (SUI), Story (IP), and AnimeCoin (ANIME) as strategic assets. DeFiDev holds approximately 1.18 million SOL. Milsee Ventures plans to raise $450 million and invest 98% of it in SUI purchases. Heritage has raised approximately $361 million to invest in IP tokens. GameSquare plans to purchase up to $2.5 million worth of ANIME.

There are suggestions that such cases may spread domestically in the future. Kim Dong-hyuk, a researcher at Dispread, said, "In Korea, the means to invest in virtual assets are limited to virtual asset futures, spot ETFs, and derivatives," and predicted that "If DAT companies emerge in the securities market, market interest will be focused, accelerating the spread."

However, the DAT strategy can lead to stock price plummets due to virtual asset price volatility, and is accompanied by debt burden and regulatory risks. The researcher stated, "The DAT strategy is a value appreciation structure dependent on the price of purchased virtual assets." This means that a price drop would inevitably directly impact the company's finances.

Do Ye-ri, Reporter