In a recent update shared on X, DefiLlama announced that their Digital Asset Treasury (DAT) dashboard has expanded to track over 60 DATs. This move provides deeper visibility into how institutions are managing their crypto holdings, which is crucial for anyone in the blockchain space looking to stay ahead of market trends.

For those new to the term, a Digital Asset Treasury refers to the practice where companies hold cryptocurrencies as part of their corporate reserves, similar to traditional treasury assets like cash or bonds. Popular examples include MicroStrategy (now rebranded as Strategy, Inc.), which has made headlines for its massive Bitcoin accumulation, and other firms like Block, Inc. or Circle Internet Group. These treasuries allow companies to diversify their balance sheets with digital assets, often focusing on Bitcoin but sometimes extending to other cryptos.

The dashboard lets users dive into key metrics for each DAT. mNAV, or modified Net Asset Value, gives an adjusted valuation of the treasury's assets per share, accounting for factors like market fluctuations. Share price tracks the company's stock value, which can be influenced by their crypto holdings. And holdings break down exactly what assets are in the treasury, from Bitcoin to potentially other tokens.

One standout feature is the summary of inflows across the entire market. Inflows represent the net addition of funds into these treasuries over time, showing how much capital is flowing into digital assets at the institutional level.

Looking at the inflows by asset chart shared in the announcement, we see a clear trend throughout 2025. Early in the year, inflows were dominated by a single asset (likely Bitcoin, given the orange bars), peaking around $6 billion in January before tapering off. By mid-year, the composition diversifies, with multiple assets contributing—indicated by the colorful stacked bars in later months. September and October show a resurgence, with inflows climbing back up, suggesting renewed institutional interest. This visualization helps spot shifts in asset preferences, which could signal broader market movements.

This expansion is timely, as more public companies explore digital asset treasuries amid evolving regulations and market maturity. For meme token enthusiasts and blockchain practitioners, while DATs currently lean toward blue-chip cryptos like Bitcoin, the framework could evolve to include meme coins if adoption grows. Tools like this from DefiLlama empower users to analyze these trends without ads or bias, making it easier to build a robust knowledge base.

If you're tracking DeFi or corporate crypto strategies, head over to the dashboard to explore the data yourself. It's a valuable resource for understanding how traditional finance is intersecting with blockchain.