Multicoin Managing Partner: SOL DAT generates native yields through staking, which has advantages over BTC DAT.

According to a report by Jinse Finance, Kyle Samani, the managing partner of Multicoin Capital, pointed out in a recent analysis that the SOL DAT model has advantages over the Bitcoin-based digital asset treasury model (BTC DAT). He noted that BTC DAT seems to struggle to fulfill obligations under a priority structure due to the lack of native income sources. If a company must sell assets during an economic downturn, dividends or conversions may become burdensome and could dilute shareholder value. In contrast, SOL can generate actual returns through staking native production, with its returns coming from organic economic activities and maximal extractable value (MEV), which profits from transaction ordering. This creates a self-sustaining model, reinvesting the earnings into SOL compounding investments, thereby providing incentives for long-term holders.