News Summary

• So far this year, billions of dollars have flowed into companies that have reinvented themselves by making the buying and holding of cryptocurrency their main focus.
• More than 200 public companies have announced plans to hold crypto on their balance sheets as so-called digital asset treasury companies, or DATs.
• The trend has attracted a wide range of people, from obscure to more well-known investors.
• But just how transformative the DAT craze will be remains to be seen, as questions mount about the sustainability of this trend.