The Treasure of the Digital Asset Bull Peter Smith, co-founder and CEO of Blockchain.com, sees the trend of listed companies adopting cryptographic treasure strategies continuing for a certain time, although it expects a wave of mergers and acquisitions.
“More and more will come until we lack management teams or shells. Capitalism is great like that,” Smith told the block. “At one point, however, we lack a sort of vapor, then it becomes really interesting because then you will see a lot of consolidation … The very good management teams and sponsors will consolidate a large part of the space in a preferential capital stack. “”
Earlier this week, Bitcoin Dat Strve of Vivek Ramaswamy concluded an agreement to acquire Semler Bitcoin Treasury Semler Scientific Scientific, which will result in a new company which holds nearly 11,000 BTC (more than a billion dollars). Reference analyst Mark Palmer said that small businesses with significant cryptography reserves, but lower assessments are natural candidates for original-stocking accumulations.
Smith said Blockchain.com may have been one of the busiest businesses active in the DAT space. His business has invested more than $ 200 million in a dozen companies, including DAT PROPAP Financial, based in Bitcoin, Financial, Ethereum Treasury Bitmin Immersion and Toncoin Dat Ton Strategy.
The longtime crypto executive said that while taking care of small capitalization screens and giving them a new goal is nothing new – Smith has said that biotechnologies have used shells and pipes (private equity investments) for years – the decision to use these tactics to accumulate a specific digital active has been inspired by Michael Saylor.
Treasury bills have evolved beyond Bitcoin
The strategy, formerly Microstrategy, has shown that the accumulation of crypto, in particular bitcoin in its case, could result in a major increase in the value of shareholders. Then, earlier this year, a multitude of small businesses listed in Nasdaq decided to follow in the footsteps of the strategy and began to rename as dates.
The first wave bought Bitcoin and Ethereum; The following has widened the model with cash models based on Altcoin. Now there is date dedicated to XRP, Dogecoin, BNB and others storage.
Currently, only these cryptographic treasures holding Bitcoin, Ethereum or Solana, have combined more than $ 120 billion in digital active ingredients, according to the Block Data dashboard. Fresh Capital has fueled growth, dates drawing more than $ 20 billion in CR funding so far this year.
Some criticized the explosion of the date. Last month, Komoto CTO Kadan Stadelmann described the trend of “being self-dalton, disguised as capital deployment”. This week, the Wall Street Journal reported American regulators are investigating the trading models of potentially suspects that occurred before the publicly dat listed hear the purchasing buyer of crypto. Investigations are focused on unusual negotiation models, including abnormally high negotiation volumes and net increases in stock prices during short periods preceding public ads.
Two types of digital asset treasures
Smith considers that there are two types of date.
“There are two reasons to have a date and they are separate. One is a date as an investment vehicle and the other replaces the foundations,” he said.
In the case of an “investment date”, Smith said that investors buy shares in the hope that the management team behind the checked treasure will generate more value, thanks to their funding and their ability to obtain tokens at reduced prices, that an investor could alone holding a cryptocurrency on site.
Smith, however, thinks that “there is probably more risks” in the purchase of shares in a date than in “spot”.
In the case of an “date of the ecosystem”, it is a question of “replacing these foundations with C-Corps which end up becoming public,” said Smith. “People forget all these Cayman or Swiss foundations that we have in crypto are the direct result of poor regulations.”
Smith watches Crypto has been evolving for a considerable time, given that Blockchain.com was founded in 2011. The company was also an early success, capital lifting to an evaluation of $ 14 billion in 2022.
“We could not have a C-Corp Delaware … This is where most technological startups are … So the foundation, it was just a regulatory arbitration,” said Smith.
He is convinced that Dats is there to stay: “It is a sector and a vertical which will be there on a permanent basis.”
In addition to investing in Dats, Smith Blockchain.com is also extremely active in the maintenance of digital assets by providing childcare, trading and stake.
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