Key Highlights
- 1, 2026 at 1:18 pm UTC Share Cover art/illustration via CryptoSlate.
- Image includes combined content which may include AI-generated content.
- By the end of 2025, a corner of the market most Ethereum traders rarely watch had built a position large enough to matter for everyone else. Everstake’s annual Ethereum staking report estimates that public companies’ “digital asset treasuries” collectively held roughly 6.5–7.0 million ETH by December, which is more than 5.5% of the circulating supply. Graph showing the cumulative ETH digital asset treasury holdings by public companies from March 2025 to December 2025 (Source: Everstake)The number is huge, but the more important part is why these companies chose ETH in the first place. Bitcoin’s corporate-treasury playbook is built around scarcity and reflexivity: buy coins, let the market re-rate the equity wrapper at a premium, then issue stock to buy more coins. Ethereum adds a second leg that Bitcoin can’t.
- Once ETH is acquired, it can be staked, meaning it can earn protocol-native rewards for helping secure the network.
- Everstake frames that reward stream at roughly 3% APY for treasury-style operators. A corporate ETH treasury is trying to be a listed vehicle that holds ETH, earns additional ETH through staking, and convinces equity investors to pay for that packaged exposure.
