Coinbase: As of September 10, DATs held more than 1 million BTC, 4.9 million ETH, and 8.9 million Solana

According to ChainCatcher, Coinbase Global Research Director and Research Assistant published a report predicting that the crypto market will continue to strengthen at the beginning of the fourth quarter of 2025, mainly due to sufficient liquidity, a favorable macro environment and supportive regulatory dynamics. The report noted that although Bitcoin fell six consecutive times in September between 2017 and 2022, this "September effect" was falsified in 2023 and 2024. The report believes that the crypto market will continue to be supported by the demand for digital asset treasury. The crypto market is currently in the "player game" stage of the DAT cycle, and the trend of funds flowing to large crypto assets is obvious. At the same time, small DAT participants may face the integration stage. As of September 10, DATs held more than 1 million Bitcoins (about $110 billion), 4.9 million Ethereum (about $21.3 billion), and 8.9 million Solana (about $1.8 billion).