VanEck: The digital asset treasury continued to increase its holdings of encryption assets in October, and the market's demand for "trusted privacy solutions" seems to be rising again.

[VanEck: The Digital Asset Treasury continues to increase its holdings in encryption assets in October, and the demand for “trustworthy privacy solutions” seems to be rebounding] VanEck released its October 2025 Crypto Monthly Review report, which pointed out that despite the severe market fluctuations, the Digital Asset Treasuries (DATs) are still continuously increasing their assets. For Ethereum and Solana, October is one of the months with the strongest accumulation efforts of the year. However, despite the ongoing accumulation, the market capitalization of the Digital Asset Treasuries has still declined due to the pullback in token prices. This month, the most notable aspect of the digital asset treasury camp is its innovation in financing models: DFDV has issued tradable warrants (0.1 warrants per share), allowing holders to gain potential returns through this tool, which is an innovative adjustment to the traditional equity-linked financing model. BNMR raised funds through a hybrid approach of “stocks + warrants,” issuing approximately 5.2 million shares of stock, along with 10.4 million warrants, aiming to expand its digital asset holdings before the end of the year. In Japan, Metaplanet has secured a $500 million debt financing to support its stock buyback plan — a rare signal of confidence during a period of industry volatility. Amidst the chaos in the market, the field of privacy technology is quietly undergoing a transformation. As the longest-standing zero-knowledge proof blockchain project, Zcash (ZEC) surged by 162% in October. In the cryptocurrency industry, the focus on privacy technology experiences periodic fluctuations every few years. From 2016 to 2018, privacy coins were almost synonymous with “regulatory risk”; by 2021, they were gradually marginalized in terms of functionality. However, with the continuous strengthening of blockchain monitoring technology (especially on-chain tracking tools like Chainalysis), the market's demand for “trustworthy privacy solutions” seems to be rising again.