Public Companies Embrace Crypto Investments Amid Regulatory Uncertainty and Institutional Interest
September 14, 2025
Ethereum-based DAT strategies are more diversified, with many entities holding substantial ETH reserves, engaging in staking, lending, and DeFi activities to generate stable income streams.
Public companies are increasingly using Digital Asset Treasury (DAT) strategies, raising capital through IPOs or share issuance, then investing in cryptocurrencies like Bitcoin, Ethereum, and Solana to create a cycle of rising crypto and stock prices, often bypassing traditional business development.
Token sales, particularly Security Token Offerings (STOs), are gaining popularity due to their compliance with securities laws, although navigating regulatory requirements remains a challenge for many issuers.
The sustainability of DAT strategies depends on companies' ability to finance themselves, continuously acquire digital assets, and generate tangible asset opportunities, but market risks and regulatory uncertainties threaten long-term stability.
This approach aims to accelerate capital growth by leveraging the market dynamics of cryptocurrencies, with some companies focusing on buying and holding digital assets to boost their valuations.
These strategies are complex and high-leverage, often driven by institutional capital and hype, requiring investors to carefully assess risks amid regulatory and market volatility.
Nasdaq's development of crypto products, including the proposed Nasdaq Crypto Index US ETF, signals growing institutional acceptance of cryptocurrencies, potentially encouraging broader adoption of crypto payroll and other solutions.
Crypto startups are exploring various fundraising methods, including crowdfunding, ICOs, IDOs, STOs, DeFi-based funding, and crypto donations, each with different regulatory and accessibility considerations.
Future plans for Binance Coin (BNB) DAT involve companies like CEA Industries and Nano Labs increasing BNB holdings, while firms such as B Strategy and Amber International aim to establish BNB-focused funds and treasury companies, with regulatory developments also progressing.
The future of crypto fundraising hinges on regulatory clarity and institutional support, with legislative efforts like the Responsible Financial Innovation Act of 2025 working to foster innovation while establishing clearer rules.
Approximately 124 U.S.-listed companies are expected to raise around $133 billion in 2025 for digital asset acquisitions, influenced by recent regulatory changes.
Solana's DAT is emerging with significant institutional interest from firms like Pantera Capital and Galaxy, aiming to catch up with Ethereum and Bitcoin, with potential benefits from upcoming ETF approvals and staking opportunities.
Overall, DAT is seen as a regulatory arbitrage tool driven by market FOMO, with its short-term success heavily reliant on market sentiment and regulatory environment, but it carries risks of volatility and liquidity crises.
In Europe, crowdfunding platforms are increasingly adopting blockchain technology to improve transparency and security for small and medium-sized enterprise (SME) investors.
New regulations requiring shareholder approval for large crypto-related stock raises complicate fundraising but also push innovation in crypto financing strategies, exemplified by companies like MicroStrategy.
Summary based on 3 sources
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Sources

ChainCatcher • Sep 14, 2025
Re-examination of Different DAT Strategies Against the Background of Tightened Nasdaq Regulation
OneSafe • Sep 6, 2025
Nasdaq's Shareholder Approval Rule: Impacts on Crypto Fundraising Strategies