Pantera Capital has invested over $300 million into Digital Asset Treasury (DAT) companies, firms employing sophisticated cryptocurrency investment strategies. This move signals a growing institutional interest in approaches that go beyond simply holding crypto assets. DAT companies, according to Pantera, aim to outperform traditional crypto investments by increasing their net asset value per share and accumulating more cryptocurrency over time. Their strategies often involve actively managing crypto portfolios, participating in DeFi protocols, and potentially even mining. Pantera has created two funds specifically for DAT investments, allocating capital to companies like Bitmain, TwentyOne Capital, DeFi Development, Sharplink Gaming, and Satsuma Technologies. These investments span various sectors within the crypto ecosystem, reflecting a diversified approach to capturing value. Pantera believes that investing in DAT provides superior returns compared to directly holding cryptocurrencies or passively tracking them through ETFs. This large investment underscores the increasing sophistication and diversification within the cryptocurrency investment landscape. ```