The 2025 Corporate Financial Strategy Shift: Digital Asset Vault (DAT) Model Becomes Mainstream

Source: TokenPost Original Title: In 2025, Companies Fully Incorporate Bitcoin and Ethereum into Corporate Finances… Making ‘Digital Asset Treasury’ the Mainstream Trend Original Link:

Digital Asset Treasury Model Officially Enters Mainstream Financial System

The Digital Asset Treasury (DAT) model officially enters the mainstream financial system in 2025. Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are no longer experimental assets but have become an essential part of corporate core financial strategies.

Large-Scale Cryptocurrency Allocation in Public Company Finances

During 2025, many publicly listed companies actively incorporate digital assets into their financial assets. Particularly, the “Digital Asset Treasury” model, where companies replace cash assets with cryptocurrencies, has gradually become widespread. This trend originated from a precedent in 2020 when a leading software company first included Bitcoin as part of its corporate assets.

This company currently holds 671,270 Bitcoins (approximately 97 trillion KRW), reaching a disclosed value of $62.1 billion (about 90 trillion KRW). Subsequently, companies like BitMining, SharpLink, and Ethereum Machines have expanded their influence in the DAT market. Notably, Ethereum-centered BitMining (holding about 1.95 trillion KRW) has attracted attention due to its partnership with a well-known investment institution.

Large Capital Inflows and Asset Diversification

According to data from a blockchain data platform, between August and September 2025, corporate digital asset purchases reached $23 billion (about 33.2 trillion KRW), with $12 billion (about 17.4 trillion KRW) flowing mainly into Bitcoin in November. Ethereum, due to staking yields and infrastructure stability, recorded demand of $6 billion (about 8.7 trillion KRW) in August and $4.7 billion (about 6.8 trillion KRW) in September.

As the year-end approaches, the DAT strategy has expanded beyond Bitcoin and Ethereum to include various other cryptocurrencies. Small- and medium-sized assets such as SUI, Hyperliquid, ENA, and XRP are also beginning to enter corporate financial allocations, attracting high investor attention. Behind this market trend are clear regulatory relaxations, declining interest rates, and the U.S. Securities and Exchange Commission (SEC) guidelines on staking.

Risks and Hidden Dangers: Over-Concentration

However, the digital asset treasury still shows a high level of concentration. Some listed companies account for more than half of the entire DAT market, which introduces liquidity pressures and regulatory risks. Industry insiders point out that the highly volatile smaller coins included in DAT could decline sharply before company stock prices during market downturns, creating accounting pressures.

A representative case is a leading software company that converted all its corporate assets into Bitcoin starting in 2020. The company invested approximately $50.3 billion (about 72.8 trillion KRW) at an average price of around $75,000 per BTC and currently holds about 3.2% of the world’s Bitcoin supply. Industry experts comment, “This company has essentially transformed from a software enterprise into a leveraged Bitcoin holding company,” and warn that the future proliferation of spot ETFs could reduce the practicality of the DAT model.

2026: Evolving Toward Revenue-Generating DAT

Companies are now moving beyond mere cryptocurrency holdings to develop strategies aimed at generating revenue. Industry leaders state, “The next phase of digital asset strategy is to go beyond simple holdings and transform them into ‘revenue-generating financial engines’.” This includes staking, payment utilization, liquidity management, risk management systems, and increased accounting transparency.

Experts believe whether the DAT model can continue as a sustainable institutional strategy depends on companies’ adaptability, especially as the growth of spot cryptocurrency ETFs and tokenized funds accelerates.

Key Points

Market Interpretation: 2025 marks the transition of the digital asset treasury from experimental to mainstream application. This is no longer a one-off event but a continuous institutional demand, reaffirming the asset status of cryptocurrencies.

Strategic Focus: Companies are shifting from simple holdings to revenue-generating strategies. Practical strategic capabilities such as staking, asset diversification, and transparent accounting will determine the success of DAT.

Terminology Explanation: Digital Asset Treasury (DAT) refers to a model where companies incorporate cryptocurrencies as core assets into their financial strategies. A leading software company pioneered this approach, and recently, Ethereum and Solana-related enterprises have also joined.