According to the source, Bitcoin Treasuries reports that MicroStrategy, ticker MSTR, accounts for 61% of all BTC held by public companies, underscoring a high concentration of corporate Bitcoin exposure in a single issuer, per Bitcoin Treasuries. For trading, monitoring MicroStrategy SEC 8-K disclosures and earnings updates is critical because these filings document changes in its BTC treasury that can sway perceived corporate demand for BTC and MSTR volatility, per MicroStrategy SEC filings.

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)

According to the source, institutions are adding Solana (SOL) to corporate balance sheets at a multi‑billion scale and highlighting a ranking of top publicly traded SOL treasuries, according to the source. Given the source report, traders should expect structural demand that can tighten circulating float and support spot bids on drawdowns, according to the source. Given the source report, watch SOL net exchange flows, spot-versus-perp basis, and order book depth for confirmation of treasury accumulation effects, according to the source. According to the source, a growing base of corporate holders can reduce volatility over time but may intensify downside gaps if treasuries rebalance, so tracking quarterly disclosures and treasury updates is critical for timing entries, according to the source. Given the source report of institutional participation, liquidity may concentrate on major USD and USDT pairs, making slippage management and execution venue selection an immediate trading consideration, according to the source.

According to the source, publicly traded firms are accumulating Ethereum (ETH) worth billions and the report highlights the largest corporate holders, source: the source. For trading validation and sizing, verify corporate ETH positions and accounting treatment in company 10-K/10-Q, HKEX, and SEDAR+ disclosures to assess acquisition dates, fair-value methodology, and potential earnings-driven flows, source: SEC EDGAR, HKEX announcements, SEDAR+ public filings. Concentration of ETH in corporate treasuries can reduce exchange float and magnify price moves around reporting windows and treasury policy updates such as staking, custody shifts, or liquidation constraints, source: company disclosures and on-chain exchange reserve metrics from analytics providers such as Glassnode and CryptoQuant. Monitor catalysts including spot ETH ETF flow reports, treasury updates, and staking address movements to gauge potential supply shocks impacting liquidity, funding rates, and options skew, source: ETF issuer flow summaries, company investor relations updates, and on-chain dashboards from Glassnode and CryptoQuant.

According to @rovercrc, 70 publicly listed companies collectively hold more than 4,000,000 ETH, highlighting expanding institutional exposure to Ethereum that traders should factor into supply and liquidity assessments for ETH spot and derivatives markets. Source: @rovercrc on X, Aug 25, 2025. This concentration of ETH in corporate treasuries may reduce freely tradable float if holdings remain inactive, a dynamic traders can monitor via exchange balance trends and order book liquidity when positioning around volatility or key levels. Source: @rovercrc on X, Aug 25, 2025.

According to @cas_abbe, eight tracked entities hold 5.904M SOL in reserves, worth about $1.15B with SOL at $195, equal to 1.03% of the total supply, source: @cas_abbe. These reserves are concentrated among public companies in fintech, DeFi, biosciences, and mining, signaling notable exposure to a single network, source: @cas_abbe.

According to @MilkRoadDaily, public companies now hold $11.46B worth of ETH, which is over 2% of the total supply and described as growing fast (source: @MilkRoadDaily tweet on Aug 12, 2025). According to @MilkRoadDaily, this corporate treasury concentration signals ongoing accumulation that traders can factor into supply absorption and liquidity planning around ETH (source: @MilkRoadDaily). Using @MilkRoadDaily's reported threshold of more than 2% held by public companies, traders can monitor treasury disclosures and identifiable on-chain corporate wallets to confirm the trend and adjust risk for potential liquidity squeezes during directional flows (source: @MilkRoadDaily).

According to @MilkRoadDaily, public companies are increasing exposure to ETH and the author expects higher prices (source: @MilkRoadDaily post dated Aug 9, 2025). The post does not disclose specific tickers, position sizes, or filing references to substantiate the claim (source: @MilkRoadDaily). Traders can verify or refute this narrative by checking corporate treasury disclosures in 10-Q/10-K and earnings materials (source: U.S. SEC reporting requirements), reviewing quarterly Form 13F filings for ETH ETF holdings by institutional managers (source: U.S. SEC Form 13F rules), and monitoring daily creation/redemption data published by ETH ETF issuers (source: issuer flow reports from BlackRock and Fidelity). Confirmed accumulation via these channels indicates rising spot demand for ETH that can be traded around filing deadlines, earnings windows, and ETF flow inflection points rather than relying on opinions (source: U.S. SEC filings and issuer ETF flow reports).

According to @MilkRoadDaily, the largest public company holders of ETH include Bitmine (BMNR) with 625,000 ETH, Sharplink Gaming (SBET) with 438,200 ETH, and Coinbase (COIN) with 137,300 ETH. Other significant holders are Bit Digital (BTBT), BTCS, Bitcoin Group (TCMKTS), GameSquare (GAME), and Intchains (ICG). These holdings demonstrate substantial institutional interest in Ethereum, which may impact ETH market liquidity and price dynamics as these firms adjust their crypto asset strategies. Source: @MilkRoadDaily

According to @MilkRoadDaily, the top 10 public companies holding the largest amounts of Ethereum (ETH) include Bitmine (BMNR) with 566.7K ETH, Sharplink Gaming (SBET) with 438.2K ETH, and Coinbase (COIN) with 137.3K ETH, among others. This distribution highlights growing institutional adoption of ETH, which is a key metric for traders assessing long-term market stability and potential bullish momentum. Notably, the presence of major crypto industry players and diversified public companies in these rankings may signal increased confidence in Ethereum as a store of value and trading asset. Source: @MilkRoadDaily

According to @MilkRoadDaily, the top 10 public companies with the largest Ethereum (ETH) holdings in 2025 include Bitmine (BMNR) with 566.7K ETH, Sharplink Gaming (SBET) with 360.8K ETH, and Coinbase (COIN) with 137.3K ETH. Other notable holders are Bit Digital (BTBT), BTCS, Bitcoin Group (TCMKTS), GameSquare (GAME), and Intchains (ICG). These significant corporate holdings highlight growing institutional interest in ETH, which could contribute to increased market liquidity and influence Ethereum's price action. Traders may monitor these companies' ETH reserves for potential market movements. Source: @MilkRoadDaily.

According to Charles Edwards, three additional publicly traded companies added Bitcoin (BTC) to their corporate treasuries last week, signaling continued institutional adoption of cryptocurrency as a strategic asset. This trend could increase market confidence and liquidity for BTC, potentially influencing its price action and volatility as more corporations integrate digital assets into their balance sheets (source: Charles Edwards).

According to @MilkRoadDaily, there is a growing trend of public companies accumulating Ethereum (ETH), staking their holdings, and deploying ETH onchain. This activity highlights increased institutional adoption, which is typically bullish for market sentiment and liquidity. However, @MilkRoadDaily warns that if auditors are unable to trace the onchain flows of ETH, it can result in delayed regulatory filings for these companies. Such delays carry the risk of potential stock delisting, which could negatively affect both traditional equity and cryptocurrency markets, particularly ETH price and sentiment. Source: @MilkRoadDaily.

According to @MilkRoadDaily, public companies are increasingly becoming a significant vehicle for Bitcoin (BTC) exposure, not just ETFs. This trend highlights a shift in trading strategies as more investors look to listed firms with direct BTC holdings or crypto-related business models for market exposure. Such developments can influence Bitcoin’s price dynamics and provide new trading opportunities linked to company stock performance and overall crypto market sentiment. Source: @MilkRoadDaily.

According to @FarsideUK, a new company, Active Energy, has been added to the list of public companies holding Bitcoin (BTC) as a treasury reserve asset. Data from July 15, 2025, shows that the company, which has a market capitalization of approximately £1 million, now holds 24 BTC. This development signals continued corporate adoption of Bitcoin, even among smaller-cap companies, which can be a noteworthy trend for traders monitoring institutional interest in the cryptocurrency market.

According to Joseph Lubin, board chairman of SharpLink Gaming, the company increased its Ethereum treasury to 188,478 ETH through a $30.7 million purchase of 12,207 ETH at an average price of $2,513 per coin between June 16 and June 20, as stated in a press release. Funded by a $27.7 million share sale via an ATM offering, SharpLink now holds the largest publicly traded ETH position globally, valued at $470 million, with all ETH staked to earn 120 ETH in rewards and a reported 19% increase in ETH per share. Lubin cited this move as reflecting confidence in Ethereum's utility for unlocking value, potentially signaling institutional demand that could influence ETH trading sentiment.

According to Joseph Lubin, SharpLink Gaming acquired 12,207 ETH for $30.7 million, raising its total holdings to 188,478 ETH. The company funded this through an at-the-market offering and staked all ETH, earning 120 ETH in rewards, as per a press release. This move signals institutional confidence in Ethereum's utility and could boost ETH market demand.

According to Simon Gerovich, CEO of Metaplanet, the company purchased an additional 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin, increasing its total holdings to 10,000 BTC. This positions Metaplanet as the 9th largest Bitcoin holder among public companies, overtaking Coinbase's 9,267 BTC, as reported by BitcoinTreasuries.com. Metaplanet's cumulative investment stands at $947 million with an average acquisition cost of $94,697 per BTC, and the company has demonstrated strong Bitcoin yield performance, including 309.8% in Q4 2024, according to company data. To fund further BTC purchases, Metaplanet issued $210 million in zero-percent bonds, leading to a 26% surge in its stock price to 1,895 yen on Monday, indicating positive market sentiment toward its Bitcoin strategy.

According to Fiat Archive, CNBC reports that Wall Street firms and public companies are actively buying Bitcoin at its all-time price highs. This institutional demand, confirmed by CNBC on May 21, 2025, signals growing confidence from major financial players and could drive further price appreciation. Traders should monitor on-chain data and public company disclosures for continued accumulation, as this trend may increase market volatility and liquidity in the near term (source: CNBC via Fiat Archive on Twitter).

According to Miles Deutscher, there was a 17.9% increase in Bitcoin holdings among public companies in Q1 2025, now totaling 79 firms with Bitcoin on their balance sheets. This surge indicates growing institutional confidence in Bitcoin as a long-term asset, potentially influencing market dynamics and trading strategies.