With unprecedented interest in the digital asset market by investors and market participants and a favorable regulatory landscape as further described in our previous alert, many public companies are developing strategies to hold digital assets such as bitcoin or other cryptocurrencies on their balance sheets for operations or as reserve assets. These companies have come to be known as DATCOs, particularly those with a core strategy of investing in digital assets.
Source: Considerations for Public Companies Developing a Digital Asset Treasury (DAT) Strategy