22h ago
🧵 1/7 After our many discussions at KBW and Token 2049, Digital Asset Treasuries stood out as an area of real interest, and the conversations around it showed genuine curiosity to understand the original premise and what's next. One thing was clear - DATs are maturing and the space will continue to change moving forward.
As this continues, different strategies will emerge beyond the original flywheel powered by mNAV premiums. We're excited about this room for innovation.
This is the evolution into DAT 2.0.
🧵 2/7 In an environment like crypto, things evolve quickly, and DAT strategies are no different. Effective players on Bitcoin and Ethereum like MSTR and BMNR demonstrated an initial blueprint.
This "first generation" of DATs followed a simple sequence: issue shares above NAV, accumulate underlying assets, build visibility and reach to TradFi, relying on market appetite to maintain a premium.
These strategies have proven they can work, but it's time to think about what else DAT's can do.
🧵 3/7 DAT 2.0 raises the standard. Although each DAT has its own investment mandate, some examples of further implementation include:
- Deploying yield strategies
- Deepening liquidity to core venues
- Spinning up critical network infrastructure
- Participating in governance
- Incubating promising products
- Creating new means of distribution for the network.
Capital that previously sat still becomes an operational component of the network.
The perspective shifts from pure accumulation of the asset, to active growth strategies for the treasury. This creates room for innovation and turns the treasury into a direct contributor to the ecosystem's long-term success.
This is what @RyanWatkins_ wrote about in Phase 2 and 3 of his DAT thesis
🧵 4/7 Within this context, we believe STSS enjoys an edge. Our team is composed of Solana builders who embody a “Founder Mentality”, something different from financial entities approaching Crypto as simply “another promising bet”.
We chose to build on Solana years before institutions turned their eyes to it, and we've built relationships with the major players of the ecosystem. This is reflected in our partnerships with leading projects such as Jupiter, Bonk, Pudgy Penguins, and Coinbase, with more to come. We call this “Ecosystem Alignment”, and it translates in organized power and shared values.
🧵 5/7 Solana’s architecture enables DAT's to operate under a superior execution environment (parallelized execution, sub-second block times, and predictable fees) where treasury operations can be deployed and administered with greater efficiency.
The DAT 2.0 model enjoys the premiums of the underlying technology it supports and is actively building on.
🧵 6/7 Furthermore, Solana’s metrics are among the strongest this year, from activity to network revenue.
- ATH's in stablecoin liquidity (now above 16 billion dollars)
- Consistently highest in trading volumes on-chain
- Highest in revenue amongst all blockchains in the past quarter
- 1st in total transaction count and TPS among top 10 blockchains
As time goes on, the ecosystem looks increasingly positioned to host Internet Capital Markets as finance moves on-chain.
🧵 7/7 We, as Sharps Technology, continue to evolve as the DAT landscape raises the bar. As the market matures, it will become clearer which treasuries are built to lead the next phase, marking a new step in how corporate treasuries interact with decentralized economies.
STSS is working toward that horizon, a treasury moving within the network rather than around it, paving the way with actions that align growth, contribution, and long-term participation.
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