The DAT track has advanced to the next stage; holding tokens is just a ticket. True skill lies in asset management capability.

Wu Shuo learned that Samsung Securities released a digital asset report on May 20, which stated that competition among Digital Asset Treasury (DAT) companies is shifting from simply holding cryptoassets to asset utilization capabilities. The report noted that in the early DAT market, competition mainly came down to the size of holdings such as BTC and ETH; in the future, however, Bitcoin mining, Ethereum staking, the issuance of financial products based on BTC collateral, as well as stable cash flow and core business operations, will become key factors in judging a company’s sustainability.