#ListedCompaniesAltcoinTreasury
Notable Public Companies Holding Altcoins
SharpLink Gaming (NASDAQ: SBET)
A Minnesota-based marketing firm led by Ethereum co-founder Joe Lubin. As of July 2025, it holds approximately 205,000 ETH (~$1.35 billion), becoming one of the largest corporate holders of ETH .
BitMine Immersion Technologies
Now the world's largest publicly traded ETH holder, with over 833,000 ETH (~$2.9 billion) as of summer 2025
The Ether Machine
Poised for a Nasdaq listing, this firm holds over 495,362 ETH (~$2.16 billion) and has $367 million in capital ready for further ETH purchases .
ETHZilla (formerly 180 Life Sciences)
Backed by Peter Thiel, it holds 102,237 ETH (~$489 million) and around $215 million in USD stablecoins .
GameSquare Holdings
Recently added 2,717 ETH ($10 million), bringing its total treasury to 15,630.07 ETH ($200 million) .
DeFi Development Corp. (NASDAQ: DFDV)
Aiming to be “Solana’s MicroStrategy,” it holds 395,000 SOL (~$100+ million) and tokenizes its own shares on Solana .
Upexi Inc. (NASDAQ: UPXI)
Accumulated 735,692 SOL (~$331 million) via $100 million in funding .
Windtree Therapeutics (NASDAQ: WINT)
Allocated nearly all of a $520 million equity line of credit toward purchasing BNB tokens, with custody via Kraken.
Nano Labs Ltd. (NASDAQ: NA)
Announced a $1 billion initiative and has acquired 120,000 BNB (~$90 million) .
Mercurity Fintech Holding (NASDAQ: MFH)
Launched a $500 million “DeFi Basket Treasury” diversified across ETH, SOL, XRP, BNB, and ADA AInvest.
Lion Group Holding (NASDAQ: LGHL)
Unveiled a $600 million treasury primarily focused on HYPE, plus SOL and SUI COIN360DWF Labs.
Sonnet BioTherapeutics → Hyperliquid Strategies Inc.
Pledged $888 million for a treasury of 12.6 million HYPE tokens, plus $305 million in cash DWF Labs.
Interactive Strength (NASDAQ: TRNR)
Plans to raise $500 million to acquire Fetch.ai (FET) tokens, though exact holdings aren't disclosed .
SOL Strategies Inc.
Filed to raise up to $1 billion to acquire Solana (SOL) through a yield-linked note plan DWF Labs.
Nano Labs, Lion Group & others
All are part of the wave of companies diversifying treasuries beyond Bitcoin into altcoins like SOL, BNB, HYPE, SUI, and more DWF LabsGrowth Shuttle.
Exodus Movement, Inc. (NYSE American: EXOD)
This crypto wallet firm holds BTC, ETH, and SOL in its treasury as of June 2025 .
Why Companies Are Pivoting to Altcoin Treasuries
Broader exposure and utility: Altcoins like ETH, SOL, and BNB support staking, smart contracts, and vibrant ecosystems—offering more than just value preservation .
Diversification: Firms build multi-asset treasuries to spread risk and tap into multiple blockchain ecosystems Growth Shuttle
Investor appetite: These announcements often trigger strong stock rallies—some companies see 150% to 226% gains post-announcement AInvestThe Wall Street Journal.
Yield generation: Some treasuries earn passive income via staking or DeFi strategies NewsBTCCrypto.com.
Strategic marketing & innovation: Holding altcoins conveys brand alignment with digital innovation and can attract crypto-native investors AxiosFinancial Times.
Summary Table
Company / TickerAltcoin(s) Approx. Holdings (USD / Coin)
BitMineETH833,000 ETH (~$2.9 billion)
The Ether MachineETH495,362 ETH (~$2.16 billion)
SharpLink Gaming (SBET)ETH205,000 ETH (~$1.35 billion)
ETHZillaETH, stablecoins102,237 ETH (~$489 million)
GameSquareETH15,630 ETH (~$200 million)
DeFi Development Corp. (DFDV)SOL395,000 SOL (~$100+ million)
Upexi (UPXI)SOL735,692 SOL (~$331 million)
Windtree Therapeutics (WINT)BNB~$520 million commitment
Nano Labs (NA)BNB120,000 BNB (~$90 million)
Mercurity Fintech (MFH)Multi (ETH, SOL, etc.)$500 million in altcoin basket
Lion Group (LGHL)HYPE, SOL, SUI$600 million total treasury
Sonnet → Hyperliquid StrategiesHYPE12.6 million HYPE + $305M cash
Interactive Strength (TRNR)FET$500 million planned acquisition
SOL Strategies Inc.SOL$1 billion fundraising intent
Exodus Movement (EXOD)BTC, ETH, SOL
