According to @MRRydon, operating DATs such as the @AethirCloud DAT can generate GAAP-bookable revenue for the public company that sponsors them, source: @MRRydon on X, Nov 24, 2025. This GAAP-recognized revenue unlocks net-additive buybacks that treasury-only DATs lack, shaping a more sustainable capital return framework for token ecosystems, source: @MRRydon on X, Nov 24, 2025. The critical driver is token utility that functions inside an operating company’s workflows rather than being limited to a treasury role, source: @MRRydon on X, Nov 24, 2025. For traders, the focus is on announcements of operating DAT launches, pubco disclosures of GAAP-bookable revenue tied to DATs, and buyback programs funded from those revenues—especially where token utility is embedded in operations, source: @MRRydon on X, Nov 24, 2025.