🗞️💰 Small Public Companies Snap Up Ether in New Crypto Gold Rush, Even as Risks Linger
📰Summary:
Many small public companies are turning to holding Ether instead of Bitcoin as a hedge against inflation. Ether is considered more accessible in terms of price and offers greater utility. These companies collectively held at least 966,304 ETH, worth nearly $3.5 billion as of the end of July—a sharp increase from their holdings at the end of 2024. Unlike Bitcoin, which is primarily viewed as a store of value, Ether can be staked to earn a yield of about 3-4%, making it a more versatile asset in the eyes of these firms.
Source: Reuters, August 5, 2025