Pantera Capital invests over 300 million USD in crypto treasury companies

Pantera Capital, a leading venture capital firm, has revealed that it has disbursed over 300 million USD into Digital Asset Treasury (#DAT ) companies—publicly listed businesses holding large amounts of digital assets.

DAT Model: Outperforming ETFs and direct purchases

According to Pantera, DAT companies provide a unique advantage over directly purchasing tokens or through funds #ETF . In addition to holding digital assets, DATs can generate profits from staking, restaking, and DeFi, thereby increasing the net asset value (NAV) per share. This helps shareholders indirectly own more tokens over time, offering higher potential returns.

Exemplary Case: BitMine

BitMine Immersion, one of the companies in Pantera's portfolio, is highlighted as a clear testament to the potential of the DAT model. BitMine is currently the largest Ethereum treasury in the world, holding over 1.15 million $ETH with a value of over 5.31 billion USD. BitMine's shares have surged from 4.27 USD to 51 USD in just over a month, demonstrating market acceptance of this strategy.

Pantera also notes that the cryptocurrency market is entering its second growth phase, driven by a more favorable regulatory framework for stablecoins, a boom in the tokenization sector, and strong institutional capital inflows into ETH.