{"id":172640,"date":"2025-09-28T09:00:02","date_gmt":"2025-09-28T06:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=172640"},"modified":"2025-09-28T09:10:24","modified_gmt":"2025-09-28T06:10:24","slug":"crypto-treasury-firms-could-become-blockchains-berkshire-hathaway-analyst-says","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-treasury-firms-could-become-blockchains-berkshire-hathaway-analyst-says\/","title":{"rendered":"Crypto Treasury Firms Could Become Blockchain\u2019s Berkshire Hathaway, Analyst Says"},"content":{"rendered":"
In a blog post, Watkins highlighted that digital asset treasury (DAT) firms already hold more than $105 billion across Bitcoin, Ethereum, and other major cryptocurrencies.<\/p>\n
While market watchers often focus on short-term trading dynamics, such as premiums to net asset value or fundraising announcements, Watkins argued that the bigger story is how these companies could evolve into operators with a permanent role in crypto infrastructure.<\/p>\n
He envisions a future where the strongest DATs become publicly traded, for-profit counterparts to crypto foundations. Instead of merely stockpiling tokens, they would deploy capital, operate businesses, and participate in governance decisions that shape the networks whose tokens they hold. Their treasuries, Watkins said, could act as levers for both policy and product development inside ecosystems.<\/p>\n
The distinction lies in programmability. While companies like Strategy (formerly MicroStrategy) focus exclusively on Bitcoin, a non-programmable asset, DATs that hold Ethereum, Solana, or Hyperliquid\u2019s HYPE token can actively put their holdings to work. By staking, supplying liquidity, lending, or acquiring infrastructure such as validators and RPC nodes, they can turn static reserves into productive balance sheets that compound over time.<\/p>\n