Ethereum News Today: 12 Firms Accumulate 1.0M ETH as Staking Yields Drive $3.7B Corporate Shift

Corporate treasuries are increasingly embracing Ethereum (ETH) as a strategic asset, with 12 publicly traded firms collectively holding 1,002,666 ETH—valued at $3.7 billion—as of July 2025. SharpLink Gaming and Bitmine Immersion control over 65% of these holdings, signaling a concentrated shift toward crypto-based treasury management. The firms leverage staking and liquid staking platforms to generate yields, with Ethereum’s transition to a proof-of-stake model offering cost efficiencies and aligning with broader diversification goals [1].

SharpLink Gaming, the largest ETH holder among public companies, holds 360,807 ETH ($1.33 billion), with over 95% actively staked. Acquired at an average price of $2,864, the company reports a 29% unrealized gain. Its strategy emphasizes Ethereum as a core treasury reserve, complemented by validator node infrastructure to enhance operational efficiency. The firm’s stock surged 8% following the announcement of 567 ETH in staking rewards, reflecting investor confidence in its crypto-driven approach [2].

Bitmine Immersion, led by Fundstrat’s Tom Lee, ranks second with 300,657 ETH ($1.11 billion). While its holdings are smaller in absolute terms, Bitmine aims to accumulate 5% of Ethereum’s total supply—approximately 6 million ETH. The company recently raised $2.5 billion to expand its ETH acquisitions, citing Ethereum’s potential to “rewrite the financial system” through scalable staking and innovative financing tools. Its average acquisition price of $3,251 results in a 13.7% unrealized profit [1].

Coinbase and Bit Digital illustrate broader industry trends. Coinbase holds 137,300 ETH ($507.34 million), representing 13.7% of all publicly held ETH. Bit Digital, previously focused on Bitcoin mining, transitioned to Ethereum staking, accumulating 120,306 ETH ($444.54 million) with an 85.8% return, one of the highest in the sector [1]. Smaller firms like GameSquare and Intchains are adopting targeted strategies: GameSquare expanded its treasury management scope to $250 million and explores NFT yield models, while Intchains diversifies its 7,023 ETH ($25.97 million) across direct and staked holdings [1].

The shift to Ethereum reflects competitive dynamics in corporate crypto strategies. Bitcoin-focused firms, including BitMine, are hedging volatility by introducing NYSE options trading for ETH assets. Analysts note that companies are prioritizing yield generation over short-term price fluctuations, driven by Ethereum’s energy-efficient PoS model and institutional adoption parallels to Bitcoin’s earlier trajectory [4].

Regulatory clarity and governance frameworks remain critical challenges. Unlike Bitcoin, Ethereum’s staking requirements—such as token lockups—necessitate liquidity management strategies. Long-term success hinges on market stability, regulatory developments, and Ethereum’s role as a foundation for decentralized finance (DeFi) [5].

Sources:

[1] [From Staking to Strategy: The Rise of Ethereum in Corporate Treasuries](https://coinedition.com/from-staking-to-strategy-the-rise-of-ethereum-in-corporate-treasuries/)

[2] [SharpLink Earns 567 ETH from Staking, Stock Jumps 8%](https://www.ainvest.com/news/ethereum-news-today-sharplink-earns-567-eth-staking-stock-jumps-8-regulatory-clarity-boosts-strategy-2507/)

[4] [BitMine Immersion ETH Holdings Exceed $2 Billion](https://www.ainvest.com/news/ethereum-news-today-bitmine-immersion-eth-holdings-exceed-2-billion-5-supply-target-drives-staking-strategy-2507/)

[5] [The ETH Treasury Race Has Officially Begun](https://podwise.ai/dashboard/episodes/4792855)