Public Companies Boost Crypto Treasury Holdings by 100% to $76 Billion

DWF Ventures, a leading web3 venture capital firm, has published a report revealing a substantial increase in crypto treasury investments by public companies. The report identifies 14 companies that have implemented crypto investment strategies, collectively holding digital assets worth $76 billion. This trend underscores the growing integration of cryptocurrencies into traditional corporate treasury management.

Over the past year, DWF Ventures has tracked investments exceeding $40 billion by public companies. Prominent among these are MicroStrategy, led by Michael Saylor, with a $67 billion investment, along with other notable entities such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific. These companies have diversified their treasuries by incorporating various cryptocurrencies, with Bitcoin being the most commonly chosen asset. However, the report also notes companies that have invested in altcoins, including Nano Labs with BNB, and others investing in ETH, SOL, SUI, and TRX.

The report explores the various methods public companies use to raise capital and deploy their crypto treasuries. These methods include Private Investment in Public Equity (PIPE), At-The-Market (ATM) Equity Sales, Credit Facility, Reverse Merger, and Company Treasury. PIPE and convertible notes have gained traction, as seen in their use by companies like Trump Media, Interactive Strength, and GameStop. These financial instruments offer flexibility and liquidity, making them appealing options for companies looking to maximize the value of their crypto holdings.

One notable case study in the report is Tron’s reverse merger. This strategic move will enable Tron to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment Inc. Additionally, SRM Entertainment has entered into a $100 million equity agreement to fund its Tron treasury, highlighting the potential for substantial capital infusion through such transactions.

DWF Ventures also highlights its active involvement in the U.S. equity market, building on its recent investment in Interactive Strength (TRNR) for the FET treasury. The firm is eager to explore similar structured deals in the future, indicating a continued focus on strategic investments within the crypto space. This proactive approach reflects the firm's confidence in the long-term potential of crypto investments and its dedication to driving innovation in the web3 ecosystem.