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Lots of DAT announcements lately. Crypto having another moment….
The crypto DAT’s are everywhere these days. $SOL.X ( ▼ 8.31% ) is having its moment led by $FORD ( ▼ 1.77% ) which is now being led by Multicoin, Galaxy & Jump. Pantera is also out with their Solana treasury company. All of these treasuries learned from the leader, Michael Saylor and his $MSTR ( ▼ 0.86% ) company and are now doing it for Ethereum, Solana, Worldcoin and many others.
Part of me is having PTSD to the SPAC boom of years ago. Will this end badly? Who knows. The math on some of these treasuries is interesting. If you watch some of the videos with Kyle Samani, he brings up some interesting points about the yield in defi and why Solana is a good cryptocurrency to build a DAT around.
We sat down with @KyleSamani, co-founder of @multicoincap now Chairman of @FWDind
We discuss about:
– Why @FWDind raised $1.65B for Solana (not Bitcoin) with @galaxyhq and @jump_
– The MNAV premium game and what happens in bear markets
– How treasury companies can actually— #51 | fiftyone.xyz (#@fiftyonexyz)
3:45 AM • Sep 16, 2025
I think what interests me the most is to see what these treasury companies eventually invest in. Do they buy real businesses? Do they expand into larger financial services or media companies? Do they become real players in M&A?
There is a lot of directions they could go. The CEO and leader of the Japanese DAT $MTPLF ( ▼ 1.87% ) has expressed his goals of eventually buying companies to further enhance the returns for shareholders. Boom or bust, the blending of crypto and traditional assets is blurring with more and more crypto being available to the masses via DATs, ETFs, options and more.
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