DWF Ventures Report Reveals $76B Crypto Treasury Investment by Public Companies
Leading web3 venture capital firm DWF Ventures has published a research report revealing the growth in crypto treasury investment by public companies. It has identified 14 companies that have rolled out a crypto investment strategy, and who collectively now hold digital assets worth $76B.
In the past year, DWF Ventures has noted investments of more than $40B made by public companies. It pinpoints a total of 14 such companies that now have significant crypto treasuries. Aside from the Michael Saylor-led Strategy with its $67B investment, DWF Ventures cites public companies such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific.
The report examines the different ways in which publicly listed companies can raise capital and deploy crypto treasuries. Examples include Private Investment in Public Equity (PIPE); At-The-Market (ATM) Equity Sales; Credit Facility; Reverse Merger; and Company Treasury. It notes the popularity of PIPE and convertible notes as used by the likes of Trump Media, Interactive Strength, and GameStop.
DWF Ventures also explores the crypto assets that public companies have elected to acquire. Bitcoin predictably dominates, but it highlights examples of companies that have established altcoin treasuries. These include Nano Labs (BNB) as well as companies investing in ETH, SOL, SUI, and TRX.
One of the more interesting deals that was examined as a case study is Tron's reverse merger. This will effectively see Tron go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment Inc. (SRM). SRM Entertainment has also entered into a $100 million equity agreement to fund its Tron treasury.
The report concludes: 'Building on our recent investment in Interactive Strength (TRNR) for the FET treasury, DWF Labs is actively exploring further opportunities within the US equity market. The company is keen to engage in similar structured deals moving forward.'
The DWF Ventures crypto treasury report can be read in full here.
DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
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