"Wall Street V" are rushing to enter the market, "digital currency treasury companies" are like "springing mushrooms after a rain". Is the "counterfeiting season" in the currency circle still far away?

# A New Crypto Investment Model Emerges on Wall Street: "Digital Asset Treasury Companies" Gain Traction

Written by: Bao Yilong  

Source: Wall Street CN  

Following MicroStrategy’s huge success in adding Bitcoin to its corporate treasury, a new cryptocurrency investment model is emerging on Wall Street. A group of "Digital Asset Treasury Companies" (DATCOs), whose core business is hoarding specific crypto assets with heavy capital, are attracting renowned analysts to take the helm.  

As reported by Wall Street CN, on Monday, Eightco announced that Dan Ives, a well-known tech analyst at Wedbush Securities, will serve as the company’s Chairman. Meanwhile, Eightco plans to raise approximately $270 million through a private placement, which will be specifically used to purchase Worldcoin (WLD)—a cryptocurrency project founded by Sam Altman, CEO of OpenAI.  

Dan Ives’ entry into the field is not an isolated case, as his strategy is identical to the practice of Tom Lee, a senior Wall Street strategist, at BitMine. The latter is actively increasing Ethereum holdings through corporate operations. These "crypto-hoarding" companies led by Wall Street professionals are becoming a new force that stirs up the cryptocurrency market, especially the altcoin sector.  

## Massive Financing Supports Crypto Asset Strategy  

To transform into a crypto asset treasury company, Pennsylvania-based Eightco has signed an agreement to raise a huge amount of funds through a private placement of common stock.  

According to the announcement, the company will sell approximately 171 million shares of common stock at a price of $1.46 per share, raising about $250 million. In addition, BitMine Technology, a cryptocurrency company, has also subscribed for 13.698 million shares at the same price, providing an additional $20 million in funding for Eightco.  

Eightco clearly stated that the net proceeds from this offering will be fully used to purchase WLD tokens. After the transaction is completed, Worldcoin will become the company’s primary treasury reserve asset, with cash and Ethereum serving as secondary reserves.  

This financing round is led by MOZAYYX, an investor focused on the crypto space, and has attracted participation from a number of well-known institutions, including World Foundation, Discovery Capital Management, Kraken, Pantera, and Brevan Howard.  

Notably, Cantor Fitzgerald—a brokerage firm reportedly controlled by the family of U.S. Secretary of Commerce Lutnick—acted as the financial advisor to MOZAYYX in this transaction.  

## Institutional "Crypto Hoarding" Fuels Speculation of "Altcoin Season"  

Eightco’s aggressive transformation has further fueled market expectations for the arrival of "Altcoin Season."  

Earlier, James Seyffart, a Bloomberg analyst, stated that the "Altcoin Season" driven by institutional treasury activities has already begun. He believes that it is the recent buying activities of these "Digital Asset Treasury Companies" (DATCOs), rather than Bitcoin ETFs, that are injecting momentum into the current altcoin market.  

Such cases are becoming increasingly common:  

- BitMine, where Tom Lee serves as Chairman, has made two consecutive moves recently, adding a total of $167 million worth of Ethereum to its balance sheet.  

- BNB Chain Inc., another Nasdaq-listed company, also increased its BNB holdings by $33 million last week, becoming the world’s largest corporate treasury holder of BNB.  

- Additionally, Japanese company Gumi disclosed a $17 million XRP purchase in August.  

Although the unit price of many altcoins is still far from the peak of the previous bull market, this "crypto-hoarding" model, led by listed companies and endorsed by Wall Street elites, is becoming a market force that cannot be ignored—and may reshape the way investors participate in the cryptocurrency market.  

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