The 2025 DAT Era

Indexed Podcast · Nov 5, 2025 · 45m

Today the three of us are diving deep on Digital Asset Treasury Companies.

We discuss:

What digital asset treasury companies are

Notable examples and structures

Why this category is rising now

How to evaluate them (key metrics)

Our Digital Asset Treasury dashboard

Market caps in context

MicroStrategy’s BTC holdings

Market cap vs Net Asset Value (NAV)

The crypto investment flywheel

When companies trade at high premiums

BitMine: a closer look

Pre-funded warrants & their impact

And much more—enjoy!

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Timestamps:

(00:00) Introduction

(04:11) Understanding Digital Asset Treasury Companies

(05:12)…