Emerging Investment Sector: Digital Asset Treasury (DAT) Companies
As of August 2025, DAT market cap $114B (+68% / 6 months)
Company value is calculated based on the holding token NAV (mNAV = market cap ÷ NAV)
Bull market for tokens: mNAV 1.5–3x
Bear market: mNAV near 1x is the bottom
📌 Yorkville Acquisition ($MCGA) Update
Expected to merge with Trump Media → Change to Trump Media Group CRO Strategy
$1.5 billion worth of CRO holdings (6.3 billion tokens)
Current stock price = 0.82 times NAV ($10.73)
mNAV 1x/1.5x/2x applied → $14.45 / $21.67 / $28.90
🎯 Points
1. Potential entry at a low compared to NAV
2. CRO integration + Truth Social partnership = potential catalyst
It seems DAT is just getting started, with elements of both WEB2 and WEB3 mixed in, so it looks like something to keep an eye on.
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