According to PANews, a report by Wall Street brokerage Bernstein reveals that several companies are developing treasuries around Ethereum to generate operational income through staking assets and support the network's financial infrastructure. Unlike Bitcoin treasuries, which focus on liquidity and passive holding, Ethereum treasuries emphasize staking returns, currently yielding just under 3%, with historical fluctuations between 3% and 5%.
Bernstein estimates that an Ethereum treasury of $1 billion could yield annual returns of $30 million to $50 million. However, these returns come with complexities. The Ethereum staking model requires holders to actively deploy capital and enhance risk oversight. Unstaking can take several days, posing liquidity constraints and risks of market volatility mismatches. Advanced strategies like restaking or DeFi yield farming can amplify smart contract and security risks, necessitating treasury managers to balance returns with risks.
With nearly 30% of Ethereum already staked and an additional 10% locked in DeFi, coupled with continuous ETF fund inflows, demand is expected to remain strong in the near to mid-term, while supply remains relatively stable. Analysts are optimistic about Ethereum and its ability to support treasury-scale capital strategies, provided liquidity and risk are managed effectively.
