Public Companies Accumulate Significant Ethereum Treasuries by End of 2025
- By December, public companies held approximately 6.5–7.0 million ETH, representing over 5.5% of the circulating supply.
- About 36.08 million ETH was staked by year-end, accounting for 29.3% of total supply.
- Everstake estimates a staking reward stream of roughly 3% APY for treasury-style operators.
- BitMine is the largest holder with around 4 million ETH, while SharpLink Gaming and The Ether Machine hold about 860,000 ETH and 496,000 ETH, respectively.
- Total stablecoin supply across networks surpassed $300 billion, with Ethereum holding approximately $184 billion.
The accumulation of Ethereum by public companies highlights a growing trend in institutional adoption, as they leverage staking to generate additional returns while securing their assets on the network.
With significant holdings like the estimated 36.08 million ETH staked, this shift indicates that staking has become a major market activity rather than just a niche practice.
