Digital asset treasuries surge as crypto firms raise $15 billion in 2025

Digital asset treasuries have emerged as the dominant form of capital allocation in the crypto sector in 2025, with companies raising over $15 billion in this category through August alone [1]. This shift reflects a broader strategic pivot among publicly traded entities toward digital assets, particularly cryptocurrencies, as a core component of corporate treasury management. Unlike traditional venture capital fundraising, which saw a 56% decline in deals in 2025 compared to the same period in 2024, digital asset treasury investments have grown rapidly, signaling a reallocation of institutional capital toward crypto [1].

Companies that announce digital asset treasury initiatives often experience immediate market reactions. For instance, when Lion Group announced a $600 million facility for Hyperliquid treasury, its shares surged by 20% [1]. This demonstrates the market’s strong confidence in these strategies as a means of capital preservation and growth. The strategy involves purchasing and holding cryptocurrencies—primarily Bitcoin and altcoins such as Hyperliquid’s HYPE token—as reserve assets rather than traditional cash equivalents.

The rise of digital asset treasuries is also influencing broader investment trends. Established crypto venture capital firms, including DCG, Paradigm, and Galaxy, have all participated in DAT investments, suggesting that institutional investors increasingly view these strategies as a more direct and liquid way to gain crypto exposure. This shift has led to a decline in traditional crypto startup funding, with venture rounds totaling only 856 deals in 2025 compared to 1,933 in the previous year [1].

Moreover, the pace of DAT fundraising has accelerated, with a monthly high of $6.2 billion recorded in July 2025 [1]. This indicates that more companies are integrating digital assets into their financial planning and treasury operations. As institutional infrastructure for managing and trading these assets continues to develop, the trend is likely to deepen, further solidifying the role of crypto in corporate capital strategies [1].

The growing legitimacy of digital assets as a treasury tool suggests that crypto is being treated increasingly as a standard asset class rather than a speculative niche. With companies leveraging digital assets for liquidity, inflation hedging, and yield generation, the landscape of corporate finance is being reshaped by this emerging trend [1].

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[1] Digital asset treasuries eclipse venture funding as companies raise $15 billion in 2025 (https://www.theblock.co/post/367485/digital-asset-treasuries-eclipse-venture-funding-as-companies-raise-15-billion-in-2025?utm_source=rss&utm_medium=rss)