**Digital Asset Treasuries Dominate Wall Street in August and September 2025**
*By Lorenzo Valente*
*October 29, 2025 – 4:15 AM ET*
During August and September 2025, Digital Asset Treasuries (DATs) emerged as the dominant vehicles through which digital assets have gone mainstream on Wall Street. This development marked a significant shift in institutional adoption.
Five years after MicroStrategy’s pioneering first bitcoin purchase—a move that no other companies dared to follow at the time—hundreds of DATs have since emerged, signaling a broader acceptance and integration of digital assets within corporate treasuries.
Many investors often compare crypto assets, especially Layer 1 (L1) tokens, to traditional equities, commodities, or currencies. However, these digital assets are, in fact, more different than similar, reflecting their unique characteristics and market behaviors.
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ARK seeks to research and invest in technologically enabled innovation that cuts across economic sectors and fundamentally changes the way our world works. Current investment themes include Industrial Innovation, Web 3.0, and the Genomic Revolution.
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https://seekingalpha.com/article/4834458-dats-might-be-better-wrappers-than-spot-etfs-for-some-digital-assets?source=feed_all_articles