Ethereum reserves have become a new trend in the market! Which cryptocurrency holding listed company is worth betting on?

Recently, US-listed companies have sparked a trend of accumulating Ethereum.

Recently, $Ethereum (ETH.CC)$ The strong performance led the cryptocurrency market, briefly approaching 3200 dollars, with the price doubling since April 9.

In the Capital Markets, following the trend of 'Bitcoin reserves' becoming popular among US listed companies,Ethereum reserves are rising as the new favorite in the market.According to reports from Rhythm, the reasons for betting on Ethereum include:

1. The success of companies like MSTR with Bitcoin reserves

2. The staking yields of Ethereum

3. The potential of Ethereum in narratives such as stablecoins and RWA in the future

Primitive Ventures stated,The staking of Ethereum and its inherent yield potential in the DeFi ecosystem,is a true productive asset, whereas Bitcoin lacks such mechanisms.

The CEO of Bitmine believes thatthe attractiveness of Ethereum lies in it being the first layer blockchain for tokenizing real-world assets.As more and more things in both the financial world and the real world are tokenized, Financial Institutions like Goldman Sachs, JP Morgan Chase, and Amazon, Walmart, will also want to stake Ethereum itself, similar to what they do with stablecoins. We are doing what these companies will do in the future.

previouslyAn article titled 'The wave of stablecoins is coming: will Ethereum benefit from this? Institutions bullish on Ethereum, with a potential high of $14,000 this year' has summarized the companies holding Ethereum in the current US stock market, interested mooers can click to view.

This article will explain to mooers the current five star enterprises that hold Ethereum and the scale of their reserves.

SharpLink Gaming

$SharpLink (SBET.US)$ The original main business was online sports Gambling. The company announced the establishment of an Ethereum treasury at the end of May and appointed Ethereum co-founder Joseph Lubin as the chairman of the board.

From the stock price performance, since the official announcement of becoming an Ethereum treasury in May, it once increased more than 20 times. However, as SharpLink submitted an S-3 form to the SEC, registering over 58.7 million shares for potential future resale, it was interpreted by the market as 'about to sell a large amount', triggering panic selling, and the stock price once fell below $9.

However, SharpLink Gaming's stock price has recently stabilized and started to rise.With its announcement of currently holding 280,706 Ethereum, it has jumped to become the company holding the most Ethereum in the world, and the company is once again in the spotlight.

According to data from STRATEGICETHRESERVE.XYZ, SharpLink Gaming currently has a premium ratio of 2.35.Additionally, according to Foresight News, SharpLink has staked all of its Ethereum reserves, earning 100 Ethereum in rewards from June 28th to July 4th. Since the staking program began on June 2nd, the cumulative staking earnings have reached 322 Ethereum.

Bitmine

$Bitmine Immersion Technologies (BMNR.US)$ Originally a mining company, it relied on immersion cooling technology to mine blockchain in Texas and Trinidad.

This year, the company has boldly shifted to the Ethereum ecosystem, announcing it will raise $0.25 billion through private placement entirely to purchase Ethereum, striving to become the "largest Ethereum corporate holder in the world." Unlike SBET, BitMine still retains its original BTC mining business.

This private placement not only attracted heavyweight capital to enter the market, among the investors is Wall Street veteran market observer and co-founder of Fundstrat Global Advisors,Tom Lee, who also joins the BitMine board of directors and serves as chairman.

Currently, the company holds 0.1631 million Ethereum, with a premium of 4.02.Additionally, it is worth noting thatbillionaire venture capitalist and founder of AI software company Palantir, Peter Thiel, bought a 9.1% stake in BitMine through his fund.Bullish on this mining company shifting from Bitcoin mining to holding a large amount of Ethereum.

Bit Digital

$Bit Digital (BTBT.US)$ Initially focused on Bitcoin mining, gradually laying out Ethereum staking infrastructure since 2022, along with GPU cloud computing power and asset management services.

Bit Digital recently stated that it raised approximately $0.172 billion in total revenue through a public stock offering, and used these funds along with the sale of 280 Bitcoins to ultimately accumulate 100,603 Ethereum on its balance sheet. The company has increased by over 12% this year, with a current premium ratio of 2.95.

Bit Digital's CEO Sam Tabar believes that Ethereum has the capability to rewrite the entire financial system. The programmability of Ethereum, its growing adoption rate, and the staking yield model represent the future of digital assets.

The company describes itself as positioning to become a 'focused Ethereum reserve platform in the public market' and plans to further increase its Ethereum holdings.

Additionally, it's worth noting thatBit Digital's data center subsidiary WhiteFiber has filed an application with the U.S. Securities and Exchange Commission to raise an estimated $0.1 billion in an initial public offering.

BTCS Inc

$BTCS Inc (BTCS.US)$ is one of the early blockchain companies listed on Nasdaq, with its core business focusing on the infrastructure operation of Ethereum and other Proof of Stake (PoS) blockchain networks.Main business includes running Ethereum nodes and providing data analysis platform ChainQ, offering staking and data services for DeFi and enterprises.

In July, BTCS announced that it would launch a $0.1 billion fundraising plan to increase its purchase of Ethereum. On Monday, it also announced an additional borrowing of 2.34 million USDT from decentralized finance lending protocol Aave to purchase more Ethereum, bringing the company's total borrowing on Aave to approximately 17.8 million USDT.

Currently, the company holds 0.0319 million Ethereum, with a premium ratio of 1, making it the company with the lowest premium ratio among Ethereum holders, and as of the time of writing, the year-to-date increase is 90%.

BTCS stated that it firmly believes Ethereum has tremendous growth potential and will become the core of future digital financial infrastructure. Our capital strategy consistently aims to reduce equity dilution, strengthen capital flexibility, and maintain sound financial management to safeguard shareholder rights.

GameSquare

$GameSquare (GAME.US)$ is a gaming media group focused on creating creator-led marketing content for global advertisers targeting Generation Z players. In July, the company announced that its board had approved a plan to establish a maximum reserve of $0.1 billion in Ethereum. Currently, the company holds only 1,800 Ethereum, with a premium ratio.11.91。

GameSquare is shifting to a strategy of holding reserves in Ethereum, marking a bold expansion beyond its core gaming media business. This strategy will be built on the platform "Medici" developed by its collaborative investment company Dialectic, and is expected to achieve an annualized return of 8% to 14%, which is higher than the current average return of 3% to 4% from Ethereum staking. The company may also incorporate other income strategies within the Ethereum ecosystem in the future, using stablecoins and NFTs among other assets to create additional sources of income.

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