ETH Tsunami Incoming: Firms Quietly Amass Mountains of Ethereum 💎
The growing trend of companies holding digital assets is picking up steam! From Ethereum (ETH) to Solana (SOL) and even Dogecoin (DOGE), more businesses are diversifying their balance sheets with crypto. But lately, Ethereum is stealing the spotlight! 🌟
Why? Firms see ETH as a yield-earning asset, especially with staking, and it’s pushing the price up 📈. Here’s a quick look at the biggest ETH hoarders in 2025:
1️⃣ Bitmine (NYSE: BMNR) 🏢
ETH Held: 300,657
Value: $1.12B
Details: Bitmine jumped from bitcoin to ETH, acquiring 60,000 ETH through options and the rest through direct buys. 🔥
2️⃣ Sharplink Gaming (Nasdaq: SBET) 🎮
ETH Held: 280,706
Goal: Increase stash with recent capital raises. 💸
3️⃣ Bit Digital (Nasdaq: BTBT) 💻
ETH Held: 120,306
Details: They’ve become a massive player, running validators and staking a majority of their ETH. 🚀
4️⃣ Ether Capital Corporation (ETHC) 🏦
ETH Held: 46,274
Status: 98% staked! 🔒
5️⃣ BTCS Inc. (Nasdaq: BTCS) 🔗
ETH Held: 29,122
Strategy: A mix of staking via Rocket Pool and collateral on Aave. 💥
6️⃣ Gamesquare Holdings (GSQ) 🎮
ETH Bought: 1,818.84 (worth $5M)
Goal: More purchases planned after a recent $70M offering. 💰
Other companies like Exodus Movement Inc. (2,729 ETH) and Vault Ventures PLC (711.93 ETH) are also jumping on the ETH bandwagon. Even Mogo Inc. is holding onto 146 ETH, though their focus is currently more on Bitcoin. 🪙
As institutional interest grows, Ethereum is becoming a key asset in corporate treasury strategies, and with staking rewards on the horizon, expect ETH to remain a top choice for firms in the crypto space. 🌍
