Head of Coinbase Research: Crypto Treasury Companies May Kickstart M&A Wave

BlockBeats News, October 2nd, Coinbase's Head of Investment Research, David Duong, stated that as the market cycle matures and companies seek to attract investors, they may start to advance merger and acquisition deals. Digital Asset Treasury companies (DATs) will eventually consolidate under a few large institutions, similar to the recent collaboration between Strive and Semler Scientific.

Strive, which transitioned from an asset management company to a Bitcoin Treasury company, announced on September 22nd that it will acquire Semler Scientific, also a Digital Asset Treasury company (DAT), through an all-stock transaction.