Executive Summary: The Treasury That Thinks Like a Hedge Fund The Digital Asset Treasury (DAT) is no longer a passive vault.It is a programmable capital stack.A liquidity engine disguised as a balance sheet.A crypto-native, API-driven hedge fund that files quarterly reports to Wall Street.Yesterday’s DAT simply bought Bitcoin. Today’s DAT spins flywheels. Tomorrow’s DAT will mint its own yield curve.Act I – The Accumulation Era “The degenerate cowboy once roamed DeFi’s wild west; now the Wall...