The DAT strategy helps the encryption treasury company's stock price soar 35 times, far exceeding the Token rise.

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Analysis of the Impact of DAT Strategy and Crypto Assets Treasury on Company Stock Prices

Since a certain company implemented its Bitcoin reserve strategy in 2020, its stock price has soared from $13 to $455, an astonishing increase. This huge growth raises a critical question: Is the rise in stock price driven by the increase in Bitcoin price or by the company's Crypto Assets reserve strategy?

Tom Lee: Do the rising stock prices of Crypto Assets companies indicate an increase in coin prices or the success of reserve strategies?

In-depth analysis reveals that, among the company's stock price increase of 35 times:

  • 11 times originated from the Bitcoin price rising from 11,000 USD to 118,000 USD
  • 25 times comes from the company's treasury strategy, which means the number of bitcoins held per share increases.

This indicates that the treasury strategy has a far greater impact on stock prices than the increase in the token price itself.

Tom Lee: The rise in crypto companies' stock prices, is it due to the increase in coin prices or the success of reserve strategies?

The company's Digital Asset Treasury (DAT) strategy increases the number of tokens held per share in the following ways:

  1. When the stock issuance price is higher than the net asset per share, issuing new shares can increase the number of tokens per share.
  2. Use token price fluctuations to reduce borrowing costs and increase investment returns.
  3. Use convertible bonds or preferred stock for financing to limit equity dilution.

It is noteworthy that the volatility of Ethereum is higher than that of Bitcoin, so this strategy may have a more significant impact on Ethereum DAT.

Tom Lee: Crypto Assets company stock prices are rising, but is it due to the increase in coin prices or the success of the reserve strategy?

A certain company has conducted multiple rounds of financing activities since 2020, including the use of internal cash, the issuance of convertible senior bonds, senior secured bonds, obtaining secured loans, and implementing an ATM stock issuance plan. Almost all of the funds raised from these financings have been used to purchase Bitcoin.

Tom Lee: Crypto Assets company stock prices are rising. Is it due to the increase in coin prices or the success of reserve strategies?

Another company called Bitmine also announced its Ethereum treasury strategy on June 30, 2025, and completed the transaction 9 days later. In contrast, Bitmine acquired $1 billion worth of Ethereum within 7 days, while the aforementioned company only acquired $250 million worth of tokens in the same time frame.

These cases indicate that adopting a Crypto Assets treasury strategy can not only increase the number of coins held by the company but also significantly impact stock price performance. However, the speed and scale of strategy implementation may vary greatly among different companies, and investors need to consider multiple factors when evaluating related companies.

Tom Lee: Crypto Assets company stock prices are rising, but is it due to the increase in coin prices or the success of reserve strategies?

BTC0.91%
ETH8.43%
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RektRecoveryvip
· 11h ago
classic ponzi scheme mechanics at play... called this pattern months ago *sips coffee*
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ApeDegenvip
· 08-11 22:38
Just hold some BTC and you'll make a fortune in a day, awesome!
View OriginalReply0
AirdropATMvip
· 08-10 14:53
Bull, BTC is really good.
View OriginalReply0
OldLeekMastervip
· 08-10 14:48
I can't say who is going all in and who is making money.
View OriginalReply0
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