Ethereum treasury companies Bitmine and Sharplink continue to advance their ETH strategies in the current environment. crypto market downtrend. Bitmine, in particular, continues to accumulate ETH at a steady pace, with the company close to its goal of holding 5% of the token supply.
Ethereum Treasury Company Bitmine Adds More ETH
In a press releaseBitmine revealed that it purchased 60,976 ETH last week and now holds a total of 4.535 million ETH worth approximately $8.91 billion. Treasury company Ethereum has also staked just over 3 million of these tokens to generate returns on its holdings. With its latest acquisition, the company now holds 3.76% of the total token supply and is now more than 75% of the way to owning 5% of the supply in just eight months.
President of Bitmine, Tom Leenoted that they have staked more ETH than other entities globally. He further revealed that their staking rewards could reach $259 million per year when their total holdings are fully staked. Lee added that they continue to make progress on their staking solution known as “The Made In America Validator Network (NAVAN),” which they plan to roll out during the first part of this year.
THE Ethereum Treasury Corporation continued to make weekly purchases of ETH despite an unrealized loss of almost $8 billion, with an average price of $3,768. Commenting on the current bearish market trend, Tom Lee noted that Ethereum prices have shown resilience in the face of growing war concerns and rising oil prices. “We continue to believe that cryptocurrency prices are in the final stages of the ‘mini-cryptowinter,’” he said.
Sharplink presents ETH strategy for this year
Sharplink, the second largest Ethereum treasury company, presented its ETH strategy for this year in its report. annual report 2025. The company plans to further increase ETH per share, generate yield above native staking rates, and expand partnership opportunities within the Ethereum ecosystem. Sharplink added that it would continue to build a “pure, shareholder-aligned ETH treasury company.”
Sharplink currently holds just over 863,020 ETH at an average price of $3,543 and is suffering an unrealized loss of $1.3 billion on its investment. Unlike Bitmine, Sharplink took a break its purchases of ETH, with its last public purchase in October last year. The Ethereum treasury company, however, staked its ETH and generated a total reward of 14,516 ETH through native and liquid staking programs.
Notably, the Ethereum Foundation, the fourth largest Ethereum treasury company, also plans initiated to stake 70,000 ETH. The Foundation has already begun these plans, staking ETH with crypto ETF issuer Bitwise.
At the time of writing, the price of ETH is trading at around $2,000, down over the past 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
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