Good overview of Digital Asset Treasuries (DATs).

Recently all the rage, DATs have been taking a bit of beating recently. While DATs are operating businesses which typically use leveraged financing to accumulate crypto currencies, they have created some "interesting financial engineering possibilities".

Some argue these structures are fancy ponzy schemes, or at a minimum exhibit Ponzi like dynamics, where earlier shareholders benefit as long as there is incoming equity demand, but returns can evaporate or reverse sharply if sentiment turns and the asset premium collapses.

A key pending issue is DATs may get de-listed from major market indexes if they become classified as an investment vehicles and not as operating businesses. Watch this space!
https://defieducation.substack.com/p/a-primer-on-digital-asset-treasuries #DATs #Crypto #BitCoin #Ethereum #EquityMarkets #ETF #Investing #Investments #CaptialMarkets