Inside the Princeton Network Fueling a Crypto Treasury Boom

A tight circle of crypto power players — including Galaxy Digital’s Mike Novogratz and Pantera Capital’s Dan Morehead — keeps turning up in deal after deal, shaping one of the boldest bets in crypto’s new era: the digital-asset treasury boom.

These public companies — around 85 and counting this year — have raised billions from investors everywhere from the US and the Gulf to Asia. Their gambit: use Wall Street tactics to raise capital, stockpile crypto, repeat. And week after week, many of the same names keep appearing in the industry’s boldest trades.