As Solana attempts to reclaim the $220 level as support, an Australian-based firm has joined the trend of Digital Asset Treasury (DAT) companies with a $100 million financing facility for the launch of a new SOL treasury strategy. First Australia-Based Solana Treasury On Tuesday, Nasdaq-listed Fitell Corporation, a global provider of fitness equipment and health…
Tag: Solana DATs
Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder
Multicoin Capital co-founder Kyle Samani believes Solana-native Digital Asset Treasuries (DATs) have a structural advantage over Bitcoin-focused vehicles—and that the mechanics underpinning those DATs could become a durable, price-positive flywheel for SOL. Speaking on Blockworks’ Empire Forward Industries closed a $1.65 billion PIPE led by Galaxy, Jump, and Multicoin, Samani argued that Solana’s yield, composable…
Solana DATs Could Move Price 10x Faster Than Ethereum, Expert Warns
An X post by Bonk core contributor Nom (@TheOnlyNom) argues that a new wave of Digital Asset Treasury (DAT) vehicles aimed at SOL could move price more than comparable Bitcoin or Ether treasuries—because of Solana’s smaller market cap, heavy staking that suppresses immediately available float, and the ability for treasuries to buy discounted or locked…