According to the source, a new roundup highlights seven publicly traded firms with sizable Ethereum treasuries; before trading on this, verify each company’s current ETH balance and cost basis in the latest audited or interim filings and exchange announcements. source: U.S. SEC EDGAR; SEDAR+; HKEXnews From 2025, FASB ASU 2023-08 requires fair-value accounting for crypto assets, meaning ETH price swings will flow through earnings and equity for adopters, increasing quarter-to-quarter volatility in reported results. source: FASB ASU 2023-08 Historical disclosures show real precedents: Meitu reported purchasing roughly 31,000 ETH in 2021, and Ether Capital has positioned ETH as a core treasury asset, illustrating both non-crypto tech and crypto-native issuers can be material holders. source: Meitu company announcements on HKEXnews (March–April 2021); Ether Capital investor relations Monitor catalysts that can trigger flows from these treasuries—earnings dates, MD&A risk updates, and any board-approved treasury policies—via primary filings and investor-relations pages. source: SEC Regulation S-K; U.S. SEC EDGAR; company investor relations Corroborate on-chain by tracking labeled wallets and large transfers around reporting windows to detect potential distribution or accumulation that could impact ETH liquidity and price elasticity. source: Etherscan Ethereum blockchain explorer For U.S. exposure context, the SEC approved spot ETH exchange-traded products in 2024, lowering operational barriers for public issuers seeking ETH exposure via regulated vehicles rather than self-custody. source: U.S. SEC spot ETH ETP approval orders (2024)