**Digital Asset Treasury Companies Deploy $42.7 Billion in Crypto Acquisitions in 2025**
Digital Asset Treasury Companies (DATCos) have collectively deployed at least $42.7 billion in crypto acquisitions so far in 2025. Notably, more than half of this amount was spent in the third quarter alone, with DATCos acquiring $22.6 billion worth of digital assets during Q3. This marks Q3 2025 as the strongest quarter on record for DATCo accumulation.
### Bitcoin DATCos Dominate the Market
According to CoinShares’ latest analysis, altcoin-focused DATCos accounted for $10.8 billion of the Q3 spending, representing 47.8% of the total. Despite the rise in altcoin treasury strategies, Bitcoin-focused DATCos continue to lead by a wide margin. Since the start of 2025, Bitcoin DATCos have purchased at least $30.0 billion worth of BTC, making up 70.3% of all DATCo crypto acquisitions this year.
Ethereum-focused DATCos are the second-largest group by acquisition value, having spent at least $7.9 billion on ETH in 2025. The majority of this ETH buying, approximately $7.1 billion, took place in August alone.
Other digital assets, including SOL, BNB, WLFI, and various smaller-cap tokens, accounted for 11.2% of total purchases in 2025. CoinGecko anticipates this share will increase as more altcoin-centric DATCos begin deploying capital. Nevertheless, Bitcoin and Ethereum remain the dominant assets held by corporate digital asset treasuries.
### Strategy Leads DATCos by Holdings
Strategy currently stands as the largest DATCo by crypto holdings, reporting $70.7 billion in Bitcoin on its balance sheet. This represents roughly half of all DATCo-owned digital assets. Impressively, the firm alone holds 3.05% of the total Bitcoin supply in circulation.
Meanwhile, BitMine Immersion, Sharplink, and Forward Industries are the only altcoin-focused DATCos ranking among the top 15 by holdings. All three entered this category only after June 2025.
In total, seven pure-play DATCos feature in the top 15 by holdings, alongside three crypto mining companies. Among the five companies with corporate crypto reserves in the top 15, four are crypto-related businesses, with Tesla being the sole exception.
### Rapid Expansion of DATCos
The total number of DATCos has grown significantly, from just four in January 2020 to 142 by October 2025. Remarkably, 76 new DATCos were formed in 2025 alone. Hut 8 Mining Corp was the first DATCo, established in November 2017, followed by Strategy, which became the first pure-play DATCo in August 2020.
Total DATCo holdings reached $137.3 billion at the end of October 2025, marking a 139.6% increase year-to-date. Of these 142 companies, 113 hold Bitcoin, while only 15 hold Ethereum and 10 hold Solana (SOL).
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*Stay tuned for more updates on digital asset treasury trends and market developments.*
https://cryptopotato.com/digital-asset-treasury-companies-pour-42-7b-into-crypto-in-2025-22-6b-spent-in-q3-alone/