According to the source, a list of seven publicly traded firms with notable ETH treasury holdings was shared, highlighting how ETH exposure can drive equity volatility when crypto reprices (source: public post). Under FASB ASU 2023-08, U.S. GAAP requires crypto assets like ETH to be measured at fair value with changes recognized in net income, directly linking ETH price moves to quarterly EPS for issuers that hold ETH (source: FASB ASU 2023-08). Traders can confirm balances and valuation methods via company 10-Q/10-K and 8-K updates on SEC EDGAR, which disclose digital asset positions and accounting treatments (source: SEC EDGAR). The Shapella upgrade enabled ETH withdrawals, allowing treasuries to rebalance or unstake to manage liquidity around reporting dates and market stress (source: Ethereum Foundation). Spot ETH ETFs approved in 2024 add a primary flow channel; creations and AUM changes can signal demand shocks that transmit to equities with ETH exposure (source: U.S. SEC approval orders, 2024).