[Analysis: DAT Company Secures Over $20 Billion in Funding This Year, Some Institutions Claim the Peak Has Passed] September 22 news: Digital Asset Treasury (DAT) company has raised over $20 billion in total funding this year. Some institutional investors believe the peak has passed, as premiums narrow and mainstream targets have been covered. The focus of capital is shifting toward execution, scaling, and mergers and acquisitions, which is also creating a crowding-out effect on traditional crypto startup funding. It is expected that new projects will still be launched by early next year, but the funding amounts will be smaller. As for large-scale DAT funding ranging from $500 million to over $1 billion, only a few participants with high market capitalization and sufficient volatility to support convertible bonds will be able to truly raise these funds.