In the evolving landscape of corporate finance, digital assets are emerging as powerful treasury reserves. Michael Saylor‘s Strategy, Inc. popularized the Digital Asset Treasury (DAT) model, leveraging Bitcoin (BTC) to enhance shareholder value through a convertible and perpetual preferred stock structure.This financing mechanism allows companies to raise capital while tying investor returns to the underlying asset’s performance.However, as Multicoin Capital‘s Managing Partner Kyle Samani argues in a recent ...