The marginal buyer of crypto today? Digital Asset Treasury Companies (DATCos).

Understanding DATs - how they’re structured, who’s behind them, and where they’re headed - is key to decoding the next 6–12 months in crypto markets.

In this episode, we dive into:

• The evolution of DATs and today’s landscape
• Who’s buying, why they matter, and how the flows work
• The risks when mNAV slips below 1
• Key signals to watch for in filings
• Tim’s take on how DATs are reshaping crypto market structure

I loved this conversation with one of the sharpest minds in the space - full of insights you won’t want to miss.

Tim's X: https://x.com/tx0zz

This episode is sponsored by Pear Protocol.

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