DATX TQS Methodology

Treasury Quality Score™ methodology

TQS evaluates treasury strategy quality, resilience, governance, execution, capital structure, and long-term sustainability. It is not a share-price target, valuation opinion, trading signal, legal opinion, tax opinion, or investment recommendation.

Eight-category framework

Treasury Rationale10
Capital Structure10
Funding & Capital Markets10
Operating Business Strength10
Liquidity & Resilience20
Governance & Risk Controls15
Execution & Transparency15
Shareholder Alignment10

Operating Business Strength subcategories

Profitability & Cash Generation3
Strategic Fit3
Business Diversification2
Operating Track Record2

Grade interpretation

85-100: A · 75-84: B+ · 65-74: B · 50-64: C · Below 50: D. Supplied company grades are preserved while DATX grade labels are still being calibrated.

Confidence rating

Confidence reflects data completeness, disclosure quality, recency, and the separation between observable facts and analyst judgment.

The DATX Treasury Quality Score™ evaluates the quality, resilience, governance, and long-term sustainability of a digital asset treasury strategy. It is not a prediction of share-price performance or investment advice.

Data reviewed: 30 Sep 2026. The approved human-audited snapshot uses BTC $83,715, ETH $2,690.14, SOL $118.23 and XRP $1.49. Holdings, USD market capitalizations and verification states follow that manifest. Treasury NAV is corporate crypto holdings multiplied by snapshot prices; approved whole-dollar NAVs are retained. mNAV is market capitalization divided by Treasury NAV, rounded to two decimals. Upexi uses an approximate holding of 2,340,000 SOL, with approximate NAV and mNAV. gumi, Bitcoin Group and Worksport remain pending verification and are excluded from the $96,093,209,271 aggregate ($96.1B). The gumi shareholder BTC/XRP benefit program is not corporate treasury holdings. Historical source links are references and do not represent a new source review. Existing TQS scores are retained; a market-data update is not a new TQS assessment.