Ether Machine, a new special-purpose acquisition company, aims to go public via a SPAC merger with Dynamix Corp.
It plans to list on Nasdaq under the ticker ETHM, launching with 400,000 ETH—valued at over $1.5 billion—to create the largest corporate Ethereum treasury in the U.S.
BitMine Immersion now holds300,657 ETH ($1.1B), chaired by Tom Lee and backed by Peter Thiel, aiming to control up to 5% of total ETH supply Business Insider
SharpLink Gaming holds280,706 ETH ($1B), stacking ETH via public equity offerings and staking yields Business Insider
Ethereum co‑founder Joseph Lubin described their competition as “cut‑throat one‑upmanship” but sees parallels with promoting decentralization Coindesk.
Bit Digital (NASDAQ: BTBT) sold all Bitcoin to accumulate 100,000+ ETH, raising $172M in fresh equity to fund the shift New York Post
BTCS, Exodus, Coinbase and GameSquare also hold substantial ETH (ranging from tens to over a hundred thousand coins), using it for staking, stablecoins, DeFi, and operational liquidity CoinGecko.
Staking Yield: ETH’s transition to proof‑of‑stake unlocks steady yield (~3–4% annually)—unlike Bitcoin finder.com.au.
DeFi & Stablecoin Growth: Over half of stablecoins operate on Ethereum, boosting demand for ETH to fuel DeFi, smart contracts, and transaction fees AInvest.
Regulatory Tailwinds: The GENIUS Act and SEC signals hinting ETH is a “commodity” have boosted confidence Business Insider
ETH recently surged to ~$3,780, a six‑month high, driven in part by these institutional buy-ins Reuters
Analysts note Ethereum ETF inflows now exceed Bitcoin’s, with some forecasting ETH could hit $7,000 or more as yield-bearing ETH ETFs gain traction DL News.
Momentum is building for yield-bearing ETFs, like BlackRock’s iShares Ethereum Trust, set to include staking capabilities DL News.
Aspect | Insight |
---|---|
Trend | Corporate treasuries now mirror the Bitcoin strategy—Ethereum’s the new frontier. |
Benefits | ETH delivers yield, utility (DeFi/stablecoins), and regulatory clarity. |
Institutions | From Small-Cap miners to Nasdaq-bound SPACs are racing to stake ETH. |
Future | Expect more yield-bearing ETH ETFs, treasury-focused firms, and regulatory definition. |
Ethereum’s dual promise of yield and utility, aligned with clearer regulation and institutional enthusiasm, is ushering in a new crypto treasury paradigm. Watch closely—ETH may soon rival Bitcoin as the treasury darling.