ETH treasury firms experienced substantial net losses as the crypto market capitalization declined about 30.6% over seven months. Everstake reviewed public disclosures from 15 companies using ethereum treasury strategies and found combined net losses of about $1.41 billion among firms with fiscal 2025 results and reported net losses. Additional losses were reported by Bitmine Immersion Technologies, including a $9.02 billion net loss for six months ended Feb. 28, 2026. The study found a split between companies that actively deployed ETH and those that held tokens. For six firms disclosing staking figures, staking accounted for an average of 60% of total reported revenue, with staking rewards increasing for some companies.
"Publicly listed ether treasury companies are facing a tougher market, and staking is emerging as one of the few reliable sources of revenue, according to a new study by Everstake and shared with Bitcoin.com News."
"The staking provider reviewed annual reports, quarterly filings, earnings releases and other public disclosures from 15 companies with ethereum treasury strategies. Among firms in the group that had fiscal 2025 results available and reported net losses, combined losses reached about $1.41 billion. The pressure did not stop there."
"Across the six firms that separately disclosed staking-related figures, staking accounted for an average of 60% of total reported revenue. Those companies were Bitmine, Sharplink, Bit Digital, Forum Markets, BTCS, and FG Nexus. Sharplink reported a $734.6 million net loss on $28.1 million in revenue. Bit Digital posted an $80.3 million loss on $113.6 million in revenue."
"Everstake says ETH firms now need DeFi, MEV, and staking yields to stay competitive. The results come during a weaker period for digital assets. Everstake noted that the total crypto market capitalization fell about 30.6% over seven months, sliding from $3.69 trillion to $2.56 trillion."
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]