Pantera Capital has disclosed for the first time that it has invested over $300 million in digital asset treasury (DAT) companies. These companies hold large amounts of crypto assets and use yield-based strategies to increase their token holdings per share. BitMine Immersion, a key Pantera holding, has become the world's third-largest DAT company after launching its Ethereum treasury strategy, holding 1.15 million ETH and a market capitalization of approximately $4.9 billion. Pantera noted that BitMine's ETH per share saw an approximately 330% increase in its first month, primarily driven by ultra-net-worth issuance and staking rewards. (The Block)