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Digital Asset Treasury (DAT) companies are booming because they give investors amplified exposure to assets they already love. But DAT companies still inherit the usual TradFi pitfalls as like opacity, discretionary decisions, and most critically, stock prices that can drop below treasury value. datTokens are DATs reimagined based on crypto’s core principles: transparency, verifiability, and fairness. They enable automated reserve acquisition, a redeemable on-chain floor price, and interest-free loans with no liquidation risk. Most importantly, datTokens are truly fair, with no insider allocations or presales. On-chain DATs are for everyone.

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The DAT Boom

MicroStrategy sparked a movement that has led to over 100 publicly traded digital asset treasury (DAT) companies, and over $20 billion raised in 2025 alone. DAT company stocks are using the playbook to outperform digital assets that investors are already bullish on. mstr_btc_chart.png

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Where DATs Fall Short

Despite their popularity, traditional DATs carry two structural weaknesses that limit their long-term viability:
  1. DAT stock prices can fall below thier Net Asset Value (NAV) per share.
  2. DAT companies are opaque and centarlized. Decisions such as share issuance and asset aquisition are made by a board of directors. Early private investors often command the market with shares they bought for pennies on the dollar.

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The Structural Fixes that Make DATs Work

datTokens improve upon traditional DAT companies wtih three core structural fixes:
  1. Redemption mechanism: datTokens can be redeemed for their underlying reserve assets, creating a mathematiclly assured redeemable floor price that can only rise.
  2. Automated reserve aquisition: Samsara replaces the board of directors with unbreakable mathematical rules for acquiring assets that protect holders against dilution. This means anyone can deposit reserves into the treasury in exchange for datTokens which represent a share of the reserves.
  3. A fair and open system: All datTokens launch with no presale, no airdrops, and no insider allocations. Buying from the public market is the only way to create them. Everyone plays by the same rules.