Previously, we have started to put Bitcoin (BTC) into the company’s financial resources, since previously using the micro strategy. Currently, various organizations incorporate major alternative coins into their financial holdings. Below you can get a glimpse of some of the entities that have won a hefty Ethereum (ETH) this year.
Crypto Treasuries will become Ethereum Crazy in 2025
You’ll probably notice an increasing fuss about companies stacking all sorts of digital assets on their balance sheets, from ETH and SOL to Doge, Hype, Trump and XRP. More recently there has been a noticeable tilt, particularly towards ETH. Companies are chasing their appeal as a yielding asset thanks to staking.
This growth trend could help explain the rise in ETH prices. This is driven not only by interest in spot ether exchange trade funds (ETFs), but also by corporate demand. With that in mind, I’ve tamed the page from Michael Saylor’s Bitcoin Stacking Playbook to compile a list of companies currently loading into ETH. At the moment, one of the largest ETH owners is a stock trading company that began mining Bitcoin and jumped into ETH accumulation earlier this year.
As of July 17, 2025, Bitmine (NYSE: BMNR) has revealed that it holds 300,657 ETH. By July 20th, the company’s ETH holdings were worth $1.12 billion. According to the latest submission, there is Sharplink Gaming (NASDAQ: SBET) nearby, holding around 280,706 ETH. With Fresh Capital recently secured, Sharplink is trying to grow its stash further.
Finishing the list was Bit Digital (NASDAQ: BTBT), who quietly went heavyweight in the ETH Treasury game. As of July 20, 2025, the company owns 120,306 ETHs and receives the latest picks of 19,683 ETHs, using revenues to institutional investors from a direct offering of $67.3 million. BIT Digital runs its own validator and bets most of the stash.
Next is Ether Capital Corporation, with the book having 46,274 ETH, according to a report from the first quarter 2024. 98% of that was bet at the time, but there has been radio silence ever since. It has not been updated and there are no new applications.
Then there is BTCS Inc. (NASDAQ: BTCS), which holds 29,122 ETH as of July 11th. The company has 4,160 ETH bets via rocket pools, 6,300 and 4,382 people waiting in queues via solo nodes. The remaining 14,280 ETH is posted as collateral on Aave. The debt-to-asset ratio is 24%, so BTC works at both Defi and tradfi angles where there is room to operate.
Meanwhile, as of March 31, 2025, the intchains group had been recorded at 7,023 ETH. This is a 23.2% jump from the last quarter. Since then, new updates have not been hit, so that numbers are still retained as the most reliable snapshot of their holdings.
GamesQuare Holdings recently threw his hat into the ring with a $5 million Ethereum purchase at a weighted average price of $2,749 per coin. The deal was released on July 10th, with GamesQuare closing its $70 million offer on more purchase plans, but none have been confirmed to exceed that first grab.
Exodus Movement Inc. is a 2,729 ETH trail at the Treasury, the figure last updated at the end of June. Meanwhile, Vault Ventures Plc has bounced back with a fresh purchase of 58.45 ETH, pushing the total to 711.93 ETH as of July 18th.
And finally, Mogo Inc. will put things together with a modest 146 ETH, based on its June report. The company’s attention has been leaning heavily towards Bitcoin recently, and for now it has paused ETH play. From mining roots to imperial staking, these companies make Ethereum the cornerstone of their financial strategy. As institutional interest grows, ETH is becoming a fixture for the boardroom.
