This has been the year of the digital asset treasury. The Trump administration’s crypto-friendly approach and resulting spike in digital asset prices has encouraged enthusiasm for investing in companies that own large quantities of digital assets.
The trend of forming digital asset treasuries has reached critical mass this year, and 2026 will be the year of litigation over digital asset treasury mergers.
‘Pots of Crypto’ and the Temptation to Merge
Digital asset treasuries are companies that hold a significant amount of digital assets—usually cryptocurrencies like Bitcoin or Ether—and that raise capital or issue debt to purchase more digital assets. Many ...