Pantera Capital Bets $300M on Crypto Treasury Firms, Sees Yields Beating ETFs

Key Points

1. Pantera Capital invested $300M in digital asset treasury firms, including BitMine, now the largest Ether treasury holder with 1.2M ETH ($5.3B).

2. DATs aim to grow token holdings through yield-generating strategies, attracting institutional investors like Stan Druckenmiller and ARK Invest.

3. BitMine's shares surged over 1,300% after launching its ETH acquisition plan, outpacing Ether's 90% gain in the same period.

4. Vitalik Buterin and others warn that overleveraging by DATs could increase systemic risk, especially if crypto prices decline sharply.

5. Pantera argues DATs offer better crypto exposure than ETFs or direct token holdings, but critics highlight potential downsides like market instability.