Head of Coinbase Investment Research: Crypto Treasury Companies May Spark a Wave of Mergers and Acquisitions

ChainCatcher news, David Duong, head of Coinbase's investment research department, stated that as the market cycle matures and companies strive to attract investors, they may begin to pursue merger and acquisition deals. Digital asset treasury companies (DATs) will ultimately consolidate under a few large institutions, similar to the recent collaboration between Strive and Semler Scientific.

Strive, which is transforming from an asset management company to a Bitcoin treasury company, announced on September 22 that it will acquire Semler Scientific, also a digital asset treasury company (DAT), through an all-stock transaction.