Ethereum Soars to Five-Month Peak as Corporations AccumulateETC Stockpiling Ether
In the rapidly evolving world of cryptocurrencies, a significant trend has emerged in mid-2025: the accumulation of Ethereum (ETH) by publicly traded companies. These firms are shifting their digital asset reserves away from Bitcoin and towards Ethereum, driven by the pursuit of returns from staking, decentralized finance (DeFi), and on-chain finance opportunities.
Leading the charge are companies such as BTC Digital Ltd, BitMine Immersion, Bit Digital, and SharpLink Gaming. Over the past few weeks, these companies have collectively added over $1.5 billion in Ethereum holdings to their treasuries.
SharpLink Gaming, for instance, has become the world’s largest corporate holder of ETH, with 280,706 ETH (valued at approximately $884 million) as of July 13, 2025. The company made a strategic shift from online gambling marketing to Ethereum treasury management in May 2025, raising $425 million to fund its acquisitions. Similarly, BitMine Immersion raised $250 million and acquired over $500 million worth of Ethereum, while Bit Digital converted its entire treasury into Ethereum and announced a $67.3 million stock sale to purchase additional ETH.
The strategic reallocation into Ethereum has had a dramatic impact on these companies’ stock prices. SharpLink Gaming’s stock, for example, has surged over 1,000% since its pivot to Ethereum treasury management. BitMine Immersion’s stock has spiked over 1,100% since its first major Ethereum acquisition, further boosted by a 9.1% stake acquisition by Peter Thiel’s Founders Fund.
This trend mirrors the earlier Bitcoin accumulation strategy popularized by Michael Saylor and MicroStrategy, where corporate treasury allocations to crypto assets have been used as a catalyst for stock price appreciation. The market perceives these moves as forward-looking and yield-generating, reflecting growing institutional confidence in Ethereum as a programmable financial asset and store of value.
The rush by public companies to establish Ethereum treasuries has contributed to ETH’s price surge, with the cryptocurrency reaching a five-month high of $3,155 and its market capitalization surpassing $420 billion. Analysts note that these treasury allocations reduce ETH’s circulating supply and signal long-term confidence, further supporting price appreciation. The trend is also fueled by optimism around Ethereum ETFs, institutional inflows, and improved regulatory clarity in the U.S.
In conclusion, public companies are aggressively stockpiling Ethereum, shifting from Bitcoin and other strategies, in a move that has sharply boosted their stock prices and contributed to ETH’s market rally. This reflects a broader institutional acceptance of Ethereum not just as a speculative asset, but as a core component of corporate treasury and yield-generation strategies. The trend shows no signs of abating, with further allocations likely as regulatory and market conditions evolve.
[1] CoinDesk. (2025, July 10). BitMine Immersion Raises $250 Million for Ethereum Stockpile. Retrieved from https://www.coindesk.com/business/2025/07/10/bitmine-immersion-raises-250-million-for-ethereum-stockpile/
[2] Yahoo Finance. (2025, July 13). SharpLink Gaming Stock Surges on Ethereum Pivot. Retrieved from https://finance.yahoo.com/news/sharplink-gaming-stock-surges-ethereum-173800631.html
[3] Bloomberg. (2025, July 6). Bit Digital Converts Entire Treasury to Ethereum, Announces $67.3 Million Stock Sale. Retrieved from https://www.bloomberg.com/news/articles/2025-07-06/bit-digital-converts-entire-treasury-to-ethereum-announces-stock-sale
[4] CoinTelegraph. (2025, June 28). SharpLink Gaming Acquires $225 Million Worth of Ethereum. Retrieved from https://cointelegraph.com/news/sharplink-gaming-acquires-225-million-worth-of-ethereum
[5] Fortune. (2025, July 13). ConsenSys CEO Joins SharpLink Gaming's Board of Directors. Retrieved from https://fortune.com/2025/07/13/consensys-ceo-joins-sharplink-gamings-board-of-directors/
- The accumulation of Ethereum (ETH) by publicly traded companies in mid-2025 has prompted a shift away from Bitcoin, as companies like BTC Digital Ltd, BitMine Immersion, Bit Digital, and SharpLink Gaming have collectively added over $1.5 billion in Ethereum holdings to their treasuries.
- SharpLink Gaming, a frontrunner in this trend, has amassed 280,706 ETH (valued at approximately $884 million), making it the world’s largest corporate holder of Ethereum as of July 13, 2025.
- The strategic reallocation into Ethereum has yielded substantial returns for these companies, with SharpLink Gaming’s stock surging over 1,000% since its pivot to Ethereum treasury management.
- The trend is reminiscent of the Bitcoin accumulation strategy popularized by MicroStrategy, where corporate treasury allocations to crypto assets were used as a catalyst for stock price appreciation.
- This institutional adoption of Ethereum as a programmable financial asset and store of value has contributed to ETH’s price surge, with the cryptocurrency reaching a five-month high of $3,155 and its market capitalization surpassing $420 billion.
- The trend of public companies establishing Ethereum treasuries shows no signs of abating, as regulatory and market conditions continue to evolve, and further allocations are anticipated.
