$340B Crypto Treasury Market Cap Rises as DATs Outshine Underlying Tokens

Crypto treasury companies have hit $340 billion in market capitalization after posting a 10% increase since mid-August 2026, according to data from The Block.

The sector's recovery is notable, but it's also worth noting that altcoin digital asset treasury (DAT) equities are outperforming the tokens they track by a significant margin.

For example, PURR and CYPH, DATs for HYPE and ZEC respectively, have returned 62% and 142% since August 17, while HYPE and ZEC themselves only rose 36% and 56% over the same period.

The $340 billion market capitalization is still below the peak of around $490 billion seen in October and November 2025, but it's a sign that the sector is recovering from its earlier downturn.