According to CoinWorld news, on July 21 (UTC+8), starting from 2025, four US-listed companies—SharpLink Gaming, Bitmine Immersion Tech, Bit Digital, and BTCS Inc.—will begin to allocate Ethereum as a core asset. These companies are financing through PIPE, ATM issuance, convertible bonds, and injections of crypto capital, directly incorporating ETH into their balance sheets, with some companies allocating over 70% of their assets to ETH. Among these, SharpLink and Bit Digital have fully deployed native staking, with on-chain annualized returns of 3% to 4%. While this strategy promotes stock price increases, it also faces risks such as ETH price volatility, on-chain security, and the sustainability of financing.