Pantera Capital has invested more than $300 million in digital asset treasury (DAT) companies, public companies that hold cryptocurrencies on their balance sheets.
The investment firm revealed the figure in its latest blockchain letter, arguing that DATs offer greater potential returns than holding tokens directly or through ETFs.
Pantera has also raised two funds focused on DATs totaling more than $100 million, according to general partner Cosmo Jiang.
Its portfolio spans eight tokens, including Bitcoin, Ethereum, Solana, and Sui, and companies in the US, UK, and Israel.