PANews reported on July 26 that in response to questions in the community about the "sudden surge in demand for Ethereum pledge redemption", ARK Invest CEO Cathie Wood replied: "Robinhood offers a 2% matching reward for cryptocurrency transfers, and venture capitalists and other investors transfer pledged ETH to treasury companies (DATs) in order to double their funds after the lock-up period. Similar to $MSTR and $BMNR, treasury company stocks are a way for brokerage advisors to provide clients with BTC and ETH investment opportunities."