A notable trend is emerging in the crypto market. Several publicly listed companies are moving away from holding traditional crypto assets like Bitcoin (BTC) and Ether (ETH) — opting instead for riskier “edge” tokens such as BERA, NEAR, and Canton Coin.
These companies, known as Digital Asset Treasury (DAT) firms, manage their crypto holdings as corporate treasuries, aiming to benefit from long-term value appreciation.
Recent data shows that the number of DAT firms has tripled in the past year, now exceeding 200 companies, with a combined market capitalization of around $150 billion.
However, a large portion of these firms are still trading below their net asset values, suggesting that the market has yet to fully price in their crypto holdings.
Analysts warn that this shift toward smaller, volatile tokens could increase market turbulence, while others see it as part of a broader high-risk, high-reward strategy in digital finance.
