An Overview of Digital Asset Treasury Companies: Bitcoin, Ethereum, Solana, and Other Leading Cryptocurrency Treasury Assets

After becoming Bitcoin (BTC) treasuries, companies like Strategy and Metaplanet have become well-known in the industry and on the stock market.

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Other organizations have been rushing to become Digital Asset Treasury (DAT) corporations by rebranding publicly traded companies or starting from scratch.

Digital Asset Treasuries

Digital Asset Treasury (DAT) businesses are the collective term for this new generation of publicly traded companies that are deliberately hoarding enormous quantities of Bitcoin, Ethereum, and other cryptocurrencies.

As a fundamental component of their balance sheet strategy, DATs are publicly traded companies that raise money, usually via the sale of shares or bonds, expressly to fund and support the purchase, holding, and management of one or more digital assets.

They can also make money by operating validator nodes, lending and borrowing services, DeFi protocols, and other ways.

In essence, they offer investment vehicles that give investors access to cryptocurrency indirectly through conventional markets.

Top DAT Cryptos

Here’s the current overview of DAT holdings across major cryptos as of Sept. 11, 2025.

Bitcoin

Since this is the most popular cryptocurrency in the world, it makes sense that the trend started here.

A total of 1,013,608 BTC, valued at $115.5 billion, is held by 104 Bitcoin treasury corporations, according to CoinGecko data.

With 631,460 Bitcoin valued at $72.64 billion, the largest is Michael Saylor’s Strategy (previously MicroStrategy), who invented the crypto treasury strategy model in 2020.

The company’s stock has increased 2319.94% since the plan was started, while Bitcoin has increased 899% within that same period.

Ethereum

Since Bitcoin’s incredible price increase, more businesses are turning to Ethereum, the second-most popular token in the world and a rising star among institutions.

Only 11 businesses are actively purchasing Ethereum, per CoinGecko data. Nevertheless, their combined holdings of 3,436,285 ETH total $15.23 billion.

With 2,069,443 ETH and a current valuation of $9.1 billion, Bitmine Immersion is presently leading the ETH treasury race.

SharpLink, which has been purchasing tokens at a rapid pace and currently holds 837,230 ETH valued at $3.69 billion, is not far behind it.

Solana

The Solana token is now the third most traded cryptocurrency on the market by volume, excluding stablecoins, despite being ranked sixth by market capitalization.

There are seven publicly listed Solana treasury firms, based on data from CoinGecko. They own 6,489,161 SOL totaling more than $1.46 billion.

DeFi Development Corp., which presently holds 2,027,817 SOL valued at $458.4 million, is in the lead.

The race is close. Upexi, with 2,000,518 SOL, and Sharps Technology, with 2,000,000 SOL, are in second and third place, respectively, with respective values of around $452 million.

Altcoin Treasuries

Several other altcoin treasuries have been established, mostly this year

Binance Coin

Only two businesses are using the token of the top cryptocurrency exchange in the world to construct treasuries. Together, they own 516,888 BNB, which is equivalent to $465.02 million.

Dogecoin

Then there’s Dogecoin (DOGE), the world’s most valuable and beloved memecoin, which also has two treasury firms behind it.

Together, they hold 355,963,754 DOGE worth $88.91 million.

Hyperliquid

Next up is HyperLiquid (HYPE), the native token for Layer-1 blockchain and decentralized exchange (DEX).

Lion Group Holding, the sole publicly traded business supporting it, presently owns 128,929 HYPE tokens valued at $7.03 million.

Interestingly, the company just exchanged all of its Sui (SUI) assets for SOL and HYPE tokens.

Sui

Layer 1 chain with high performance The only treasury firm currently supporting Sui (SUI) is SUI Group Holdings, which has 101,795,656 SUI valued at $361.14 million.

TRON

As per CoinGecko data, TRON (TRX) has one backer, Tron Inc., which holds 677,596,945 TRX worth $234.24 million.

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