Pantera Capital has made a $300 million investment in companies focused on crypto treasuries, asserting that these firms could deliver higher yields than crypto exchange-traded funds (ETFs). According to general partner Cosmo Jiang and content head Erik Lowe, digital asset treasuries (DATs) can grow net asset value per share, increasing token ownership over time compared to merely holding spot tokens. The investments span firms in the US, UK, and Israel, including notable holdings in Bitcoin and Ethereum. The new trend is seen on Wall Street, yet the market has become crowded with warnings that some companies may collapse. Tom Lee's BitMine Immersion Technologies is highlighted as a successful investment, amassing a significant Ether treasury. Despite the promise, analysts express concerns regarding the risk of overleveraging and significant market volatility affecting these treasury companies.

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