#上市公司山寨币财库

Listed company altcoin treasury refers to the strategy where publicly traded companies incorporate non-Bitcoin cryptocurrencies such as Ethereum, Solana, and XRP (commonly referred to as altcoins) into their financial strategy, managing and reserving them as part of their balance sheet. This is an emerging financial strategy where some listed companies aim to achieve asset appreciation, optimize asset allocation, or enhance market attention by holding altcoins. Here are the relevant introductions:

Related cases: The U.S. listed company SharpLink announced on May 27, 2025, that it had completed approximately $425 million in private financing and would significantly purchase ETH as its main treasury reserve asset, being referred to by many as the “Ethereum version of MicroStrategy.” Additionally, VivoPower and Nasdaq-listed company Webus announced their intention to initiate treasury reserves of $100 million and $300 million in XRP, respectively.

Potential risks: This strategy carries certain risks, as the cryptocurrency market is highly volatile, and if the price of cryptocurrencies plummets, the company's financial assets will quickly shrink, affecting its valuation. If the company has debts or margin call pressures, it may be forced to liquidate its held altcoins to cope, leading to a concentrated release of selling pressure that could further depress prices and potentially transmit risks to traditional finance or DeFi systems.

Market status: According to statistics from CoinWorld, as of June 19, 2025, 29 listed companies (with a market capitalization greater than $10 million) have publicly announced the establishment of cryptocurrency reserves, including 4 companies establishing SOL reserves, 3 companies choosing ETH, and other companies establishing reserves in HYPE, TRX, and other altcoins.