Our "$ETH will become a larger treasury asset than $BTC" theory is strengthening...
Of the top 5 public $ETH treasury companies, only one is down in the last five days
The other 4 are up 32% - 223% (!)
Here they are, ranked by total $ETH holdings ↓
1/ @sharplinkgaming $SBET
Total $ETH currently held: 215,634
Current treasury value: ~$646.9M
→ June 13, initiated its treasury with ~176,271 $ETH
→ June 16-20, bought 12,207 $ETH at ~$2,513 per token
→ June 23-June 27, bought 9,468 $ETH at ~$2,411 per token
→ June 28-July 4, bought 7,689 $ETH at ~$2,501 per token
→ July 10, bought 10,000 $ETH from @ethereumfndn at $2,572.37 per token
Publicly disclosed raises targeting $ETH acquisition = $489M (with plans to raise a further $1B)
5 day performance (bottom to top) = +77.69%
2/ @BitDigital_BTBT - $BTBT
Total $ETH currently held: 100,603
Current treasury value: ~$301M
→ June 25, announces pivot to become an $ETH treasury, uses its existing 24,434 $ETH holdings to start
→ July 7, announces purchase of 76,169 $ETH at $2,534 per token
Publicly disclosed raises targeting $ETH acquisition = $172M
5 day performance (bottom to top) = +32.71%
3/ @BitMNR - $BMNR
Total $ETH currently held: unknown at the time of this writing
…but it looks like they’re gearing up to go in, HARD!
→ June 30, raised $250M to buy $ETH
→ July 9, closed the $250M funding round
→ July 10, filed to offer $2B worth of stock to buy $ETH
5 day performance (bottom to top) = -64.94%
4/ @NasdaqBTCS - $BTCS
Total $ETH currently held: 14,600
Current treasury value: ~$43.8M
→ May 20, bought 3,450 $ETH at $2,441 per token
→ June 2, bought 1,000 $ETH at $2,630 per token
→ June 20, bought 1,000 $ETH at $2,528 per token
Publicly disclosed raises targeting $ETH acquisition =
$57.8M, targeting a further $225M
5 day performance (bottom to top) = +143.70%
5/ @GSQHoldings - $GAME
Total $ETH currently held: 1,818.84
Current treasury value: ~$5.45M
→ July 10, announces adoption of an Ethereum Treasury Strategy and buys 1,818.84 $ETH at $2,749 per token
Publicly disclosed raises targeting $ETH acquisition = $9.2M
5 day performance (bottom to top) = +223.20%
8.47K
29
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.