Digital Asset Treasury Companies vs. Direct Ethereum Ownership: What Investors Need to Know
- Elias Zeekeh, MBA, CPA, CMA

- 5 days ago
- 5 min read

Digital Asset Treasury (DAT) companies have emerged in 2025 as high-octane vehicles for Ethereum exposure, but recent market turmoil has exposed critical vulnerabilities that every investor must understand before choosing between DATs and direct asset ownership.
What Are DATs?
Digital Asset Treasury companies are publicly traded entities that hold cryptocurrency—specifically Ethereum—as their primary treasury reserve. Often pivoting from unrelated legacy businesses, these companies position themselves as "public vaults" offering leveraged crypto exposure through traditional equity markets.[1][2][3][4][5]





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