{"id":1064559,"date":"2025-09-12T17:15:42","date_gmt":"2025-09-12T21:15:42","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1064559"},"modified":"2025-10-30T19:00:52","modified_gmt":"2025-10-30T23:00:52","slug":"ethereum-treasuries","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/stock-trading\/ethereum-treasuries","title":{"rendered":"Ethereum treasury companies"},"content":{"rendered":"<div class=\"keyTakeaways\">\n  <div class=\"keyTakeaways__header\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"21\" viewbox=\"0 0 314.16 201.03\" fill=\"none\">\n  <path d=\"M212.32,190.62c-19.66,0-38.8-6.44-54.42-18.24-15.63,11.79-34.77,18.24-54.42,18.24-49.84,0-90.39-40.55-90.39-90.39V9.83h199.24c49.84,0,90.39,40.55,90.39,90.39s-40.55,90.39-90.39,90.39Z\" fill=\"white\"><\/path>\n  <path d=\"M212.32,15.9c46.57,0,84.33,37.75,84.33,84.33h0c0,46.57-37.75,84.33-84.33,84.33h0c-20.75,0-39.74-7.51-54.42-19.94-14.69,12.43-33.68,19.94-54.42,19.94h0c-46.57,0-84.33-37.75-84.33-84.33V15.9h193.18M212.32,3.76H7.01v96.46c0,53.19,43.27,96.46,96.46,96.46,19.47,0,38.46-5.92,54.43-16.84,15.96,10.91,34.95,16.84,54.42,16.84,53.19,0,96.46-43.27,96.46-96.46S265.51,3.76,212.32,3.76h0Z\" fill=\"#232320\"><\/path>\n  <path d=\"M216.34,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"><\/path>\n  <path d=\"M105.92,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"><\/path>\n<\/svg>        <h3 data-toc=\"false\">Key takeaways<\/h3>\n  <\/div>\n\n    <ul>\n          <li>As of 2025, more companies are holding Ethereum (ETH) as a strategic asset.<\/li>\n          <li>Retail investors can get exposure to ETH by investing in public companies with ETH on their balance sheets.<\/li>\n          <li>As of July 2025, SharpLink Gaming is one of the biggest corporate ETH holders.<\/li>\n      <\/ul>\n\n  \n  <\/div>\n<table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"padding: 16px; color: #ffffff; background-color: #001c48; text-align: left;\">Company name<\/th><th style=\"padding: 16px; color: #ffffff; background-color: #001c48; text-align: left;\">ETH held<\/th><th style=\"padding: 16px; color: #ffffff; background-color: #001c48; text-align: left;\">Market cap<\/th><th style=\"padding: 16px; color: #ffffff; background-color: #001c48; text-align: left;\">Country of HQ<\/th><th style=\"padding: 16px; color: #ffffff; background-color: #001c48; text-align: left;\">Sector\/Industry<\/th><th style=\"padding: 16px; color: #ffffff; background-color: #001c48; text-align: left;\">Buy on Interactive Brokers<\/th><\/tr><\/thead><tbody><tr><td><strong><a href=\"#1\">SharpLink Gaming (SBET:NASDAQ)<\/a><\/strong><\/td><td><a href=\"https:\/\/investors.sharplink.com\/sharplink-eth-holdings-837230-staking-rewards-aug-2025\/\" target=\"_blank\" rel=\"noopener\">837,230<\/a><\/td><td>$2.79B<\/td><td>US<\/td><td>Online Gaming<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td><strong><a class=\"scroll\" href=\"#2\">BitMine Immersion Tech (BMNR:NYSEAM)<\/a><\/strong><\/td><td><a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-eth-holdings-exceed-2-069-million-reigning-as-the-1-eth-treasury-in-the-world-2nd-largest-crypto-treasury-globally-302548699.html?tc=eml_cleartime\" target=\"_blank\" rel=\"noopener\">2,069,443<\/a><\/td><td>$6.6B<\/td><td>US<\/td><td>Tech\/Mining<\/td><td><\/td><\/tr><tr><td><strong><a class=\"scroll\" href=\"#3\">Bit Digital, Inc (BTBT:NASDAQ)<\/a><\/strong><\/td><td><a href=\"https:\/\/bit-digital.com\/press-releases\/bit-digital-inc-reports-monthly-ethereum-treasury-and-staking-metrics-for-august-2025\/\" target=\"_blank\" rel=\"noopener\">121,252<\/a><\/td><td>$1.23B<\/td><td>US<\/td><td>Tech\/Mining<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td><strong><a class=\"scroll\" href=\"#4\">Coinbase Global, Inc (COIN:NASDAQ)<\/a><\/strong><\/td><td>137,334<\/td><td>$106.92B<\/td><td>US<\/td><td>Crypto Exchange<\/td><td><\/td><\/tr><tr><td><strong><a class=\"scroll\" href=\"#5\">Blockchain Technology (BTCS:NASDAQ)<\/a><\/strong><\/td><td><a href=\"https:\/\/www.btcs.com\/news-media\/crypto-update-july-28-2025\/\" target=\"_blank\" rel=\"noopener\">70,028<\/a><\/td><td>$121.5M<\/td><td>US<\/td><td>Blockchain Infra<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td><strong><a class=\"scroll\" href=\"#6\">Exodus Movement Inc (EXOD:OTCMKTS)<\/a><\/strong><\/td><td><a href=\"https:\/\/investors.exodus.com\/investors\/sec-filings\/all-sec-filings\/content\/0000950170-25-094816\/exod-ex99_1.htm?\" target=\"_blank\" rel=\"noopener\">2,729<\/a><\/td><td>$1.1B<\/td><td>US<\/td><td>Wallet Provider<\/td><td><\/td><\/tr><tr><td><strong><a class=\"scroll\" href=\"#7\">Neptune Digital Assets Corp (NDA:TSXV)<\/a><\/strong><\/td><td><a href=\"https:\/\/neptunedigitalassets.com\/neptune-provides-corporate-update-announces-marketing-and-staking-of-31715-solana\/\" target=\"_blank\" rel=\"noopener\">140<\/a><\/td><td>$193M<\/td><td>CA<\/td><td>Digital Assets<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td>BTC Digital Ltd (NASDAQ: BTCT)<\/td><td><a href=\"https:\/\/btct.investorroom.com\/2025-07-21-BTC-Digital-Expands-Ethereum-Strategic-Reserve-with-5-Million-ETH-Acquisition-Holdings-Reach-2,135-ETH\" target=\"_blank\" rel=\"noopener\">2,135<\/a><\/td><td>$26.27M<\/td><td>SG<\/td><td>Technology<\/td><td><\/td><\/tr><tr><td>GameSquare Holdings Inc (NASDAQ: GAME)<\/td><td><a href=\"https:\/\/www.prnewswire.com\/news-releases\/gamesquare-announces-initial-onchain-yield-for-august-2025-of-approximately-8-or-5-4-million-annualized-302545848.html\" target=\"_blank\" rel=\"noopener\">15,731.07<\/a><\/td><td>\u202a$90.83\u202fM<\/td><td>US<\/td><td>Interactive Media and Services<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td>Intchains Group Ltd (NASDAQ: ICG)<\/td><td><a href=\"https:\/\/intchains.com\/blogs\/intchains-group-limited-announces-updates-to-its-eth-activities-and-holding-of-over-5000-eths\/\" target=\"_blank\" rel=\"noopener\">5,067<\/a><\/td><td>\u202a$170.46\u202fM<\/td><td>CN<\/td><td>Technology<\/td><td><\/td><\/tr><tr><td>Moss Genomics Inc (OTCMKTS: MSSGF)<\/td><td><a href=\"https:\/\/mossgenomics.com\/treasury\" target=\"_blank\" rel=\"noopener\">327.92<\/a><\/td><td>\u202a$5.80\u202fM<\/td><td>CA<\/td><td>Health Technology<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td>Dynamix Corp (NASDAQ: DYNX)<\/td><td><a href=\"https:\/\/2028699.ir365connect.com\/pressreleases\/detail\/ad10c2f7-fad0-4306-96c5-725277fe8c42\" target=\"_blank\" rel=\"noopener\">495,362<\/a><\/td><td>\u202a$234.83\u202fM<\/td><td>US<\/td><td>Finance<\/td><td><\/td><\/tr><tr><td>Centaurus Energy Inc (OTCMKTS: CTARF)<\/td><td>0 (<a href=\"https:\/\/www.newsfilecorp.com\/release\/202919\/Centaurus-Energy-Adopts-Ether-as-Primary-Treasury-Reserve-Asset?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\">TBC<\/a>)<\/td><td>\u202a$2.00\u202fM<\/td><td>CA<\/td><td>Energy Minerals<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td>ETHZilla Corporation (NASDAQ: ETHZ)<\/td><td><a href=\"https:\/\/www.prnewswire.com\/news-releases\/ethzilla-announces-eth-accumulation-and-leadership-updates-302549066.html\" target=\"_blank\" rel=\"noopener\">102,246<\/a><\/td><td>$\u202a379.87\u202fM<\/td><td>US<\/td><td>Health Technology<\/td><td><\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td>Yunfeng Financial Group (HKEX: 376)<\/td><td><a href=\"https:\/\/www.yff.com\/irData\/pdfs\/2025090202176_c.pdf\" target=\"_blank\" rel=\"noopener\">10,000<\/a><\/td><td>HKD$\u202a\u202a15.16\u202fB\u202c<\/td><td>HK<\/td><td>Finance<\/td><td><\/td><\/tr><\/tbody><\/table><h3>What is an Ethereum treasury strategy?<\/h3><p>With an Ethereum treasury strategy, a company is allocating a portion of its balance sheet to ETH in the same way it might hold foreign currencies or other financial assets.<\/p><p>Some firms see Ethereum as a long-term growth asset with the potential to increase in value over time. Others may be invested in the Ethereum ecosystem itself, whether through staking, decentralized finance (DeFi) or Web3 applications.<\/p><p>Holding ETH can also be part of a wider tech-alignment strategy, positioning companies as forward-thinking and crypto-integrated.<\/p><h3>Why invest in Ethereum treasury companies?<\/h3><p>Investing in companies with Ethereum holdings offers a way to get indirect exposure to ETH without setting up a crypto wallet or trading on an exchange.<\/p><p>This approach can be appealing for investors who want a more familiar or regulated investment experience while still participating in Ethereum\u2019s long-term growth.<\/p><p>It\u2019s also popular among active traders who follow these companies closely and capitalize on price moves triggered by ETH volatility or news events.<\/p><h3>Top public companies investing in Ethereum<\/h3><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Sharplink_Supplied_250x150.png\" alt=\"Sharplink\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Sharplink_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Sharplink_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Sharplink_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>1. <a id=\"1\"><\/a>SharpLink Gaming (OTC:SBET)<\/h3><p>SharpLink Gaming is a US company focused on sports betting and fantasy sports technology. It provides data-driven solutions for gaming operators and media companies. SharpLink also works to modernize betting through smart contracts, decentralized finance (DeFi), and blockchain-based infrastructure.<\/p><p>As of August 2025, SharpLink has reported large acquisitions of Ether totaling<strong> 837,230 ETH<\/strong>, the largest corporate ETH treasury made public to date.<\/p><h4>Why it\u2019s holding ETH:<\/h4><p>SharpLink has adopted Ethereum (ETH) as its primary treasury reserve asset, becoming the largest publicly traded company to do so. The move reflects the company\u2019s long-term bet on the future of decentralized applications and smart contract infrastructure. By holding ETH, SharpLink aligns its financial strategy with its mission to lead Web3 innovation in gaming and gives investors direct exposure to Ethereum\u2019s growth.<\/p><\/div><\/div><\/div><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitMine_Supplied_250x150.png\" alt=\"Bitmine\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitMine_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitMine_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitMine_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>2. <a id=\"2\"><\/a>BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR)<\/h3><p>BitMine is a small-cap Bitcoin and digital asset mining company operating out of the US. It uses immersion cooling technology to improve mining efficiency and reduce energy costs. BitMine earns revenue through crypto mining and hosting operations.<\/p><p>In September 2025, BitMine announced holdings of <strong>2,069,443 ETH<\/strong>, making it the largest public corporate ETH treasury company to date. BitMine\u2019s ETH holdings stem from mining and staking operations and strategic asset management.<\/p><h4>Why it\u2019s holding ETH:<\/h4><p>BitMine has a goal of acquiring and staking over 5% of the world\u2019s total ETH supply. The company has stated that ETH acquisition is one of its core missions as it aims to increase its stake in the Ethereum network. It is focused on the broad accumulation of crypto assets including Bitcoin and Ether for long-term investment.<\/p><\/div><\/div><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitDigital_Supplied_250x150.png\" alt=\"Bit Digital\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitDigital_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitDigital_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BitDigital_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>3. <a id=\"3\"><\/a>Bit Digital, Inc. (NASDAQ:BTBT)<\/h3><p>Bit Digital is a US-based digital asset mining company primarily focused on Bitcoin and Ethereum. Originally headquartered in New York, the company operates mining facilities across North America using third-party hosting arrangements.<\/p><p>It earns revenue by mining crypto assets and periodically adjusting its strategy based on market trends.<br>As of August 2025, Bit Digital holds over <strong>121,252 ETH<\/strong>.<\/p><h4>Why it\u2019s holding ETH:<\/h4><p>Bit Digital diversified into Ethereum mining as part of its effort to expand its crypto exposure. While ETH is no longer mineable post-Merge, Bit Digital has retained some of its ETH holdings and may continue to engage with Ethereum through staking and infrastructure investments.<\/p><\/div><\/div><\/div><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Coinbase_Supplied_250x150.png\" alt=\"Coinbase\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Coinbase_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Coinbase_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Coinbase_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>4. <a id=\"4\"><\/a>Coinbase Global, Inc. (NASDAQ:COIN)<\/h3><p>Coinbase is one of the largest cryptocurrency exchanges in the world, headquartered in San Francisco, California. It offers a platform for buying, selling and storing digital assets like Bitcoin and Ethereum.<\/p><p>Coinbase earns revenue through trading fees, staking services and institutional custody solutions. As a publicly listed company, it plays a central role in the crypto ecosystem and is widely considered a barometer for the broader industry.<\/p><p>As of March 2025, Coinbase stated it held <strong>137,334 ETH<\/strong> on its balance sheet for investment purposes.<\/p><h4>Why it\u2019s holding ETH:<\/h4><p>Coinbase holds Ethereum both for liquidity purposes and as part of its operational treasury. Given that Ethereum powers many of the exchange\u2019s core services including staking, DeFi and NFTs, holding ETH helps ensure smooth functionality and aligns with its ecosystem-first approach.<\/p><\/div><\/div><\/div><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BTCS_Supplied_250x150.png\" alt=\"BTCS\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BTCS_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BTCS_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/BTCS_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>5. <a id=\"5\"><\/a>Blockchain Technology Consensus Solutions (BTCS: NASDAQ)<\/h3><p>BTCS Inc. is a US-based blockchain infrastructure and technology company headquartered in Maryland, US. It focuses on staking-as-a-service, blockchain analytics and building platforms that give investors access to digital assets.<\/p><p>BTCS generates revenue through staking operations on major proof-of-stake blockchains like Ethereum, Cardano and Solana. It\u2019s also developing a digital asset analytics platform that helps users track their crypto portfolios and staking performance\u2014sort of like a dashboard for blockchain investors.<\/p><p>As of July 2025, it had increased its ETH holdings to <strong>29,122 ETH.<\/strong><\/p><h4>Why it\u2019s holding ETH:<\/h4><p>Ethereum is a core part of BTCS\u2019s staking business. After Ethereum moved to proof of stake, BTCS began staking its ETH holdings to earn rewards while helping to secure the network. Holding Ethereum also reflects the company\u2019s long-term belief in its importance as a foundational layer for DeFi, NFTs and Web3 applications.<\/p><\/div><\/div><\/div><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Exodus_Supplied_250x150.png\" alt=\"Exodus\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Exodus_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Exodus_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Exodus_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>6. <a id=\"6\"><\/a>Exodus Movement Inc. (OTCMKTS:EXOD)<\/h3><p>Exodus is a US-based company best known for its non-custodial crypto wallet that supports a wide variety of digital assets including Ethereum. The wallet is available on desktop and mobile and includes built-in exchange features. Exodus earns revenue from in-app transactions and staking.<\/p><p>It holds <strong>2,729 ETH<\/strong> as of June 2025.<\/p><h4>Why it\u2019s holding ETH:<\/h4><p>As part of its product offering, Exodus holds ETH to provide liquidity for wallet functions and swaps. Its ETH holdings also reflect confidence in the Ethereum network as a foundational layer of Web3.<\/p><\/div><\/div><\/div><\/div><\/article><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/wallets\/best-non-custodial-wallets\" style=\"text-decoration:underline; font-size:0.9em;\">Explore the best non-custodial crypto wallets<\/a>\n<\/div>\n<\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><div><div class=\"column_wrapper\"><div class=\"one_fourth\"><div><\/div><div class=\"aligncentre\"><img decoding=\"async\" class=\"alignnone wp-image-2157708 \" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Neptune_Supplied_250x150.png\" alt=\"Neptune\" width=\"166\" height=\"53\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Neptune_Supplied_250x150.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Neptune_Supplied_250x150.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Neptune_Supplied_250x150.png?fit=498 498w\" sizes=\"(max-width: 498px) 100vw, 498px\" loading=\"lazy\"><\/div><\/div><div class=\"three_fourth last_column\"><h3>7. <a id=\"7\"><\/a>Neptune Digital Assets Corp. (TSXV:NDA)<\/h3><p>Neptune is a Canadian blockchain infrastructure and cryptocurrency investment firm. It operates staking nodes, runs validator services and holds a portfolio of crypto assets. Neptune earns income from staking rewards and asset appreciation.<\/p><p>In its Q2 2025 financial report, the company stated that it held <strong>140 ETH<\/strong>.<\/p><h4>Why it\u2019s holding ETH:<\/h4><p>Neptune holds Ethereum to participate in staking and support network operations. ETH is considered one of its foundational assets due to its utility in smart contracts and staking yields.<\/p><\/div><\/div><\/div><\/div><\/article><h3>Public vs private companies: Who\u2019s adding Ethereum to their balance sheet?<\/h3><p><b>Publicly traded companies:<\/b> Firms like <strong>Coinbase<\/strong> and <strong>Bit Digital<\/strong> are upfront about their ETH holdings. These disclosures are often included in quarterly earnings or treasury reports and signal strategic alignment with Ethereum-based innovation.<\/p><p><b>Private companies: <\/b>Startups and large private firms may also hold ETH, particularly those building DeFi or Web3 products. However, without the same reporting obligations, their holdings are harder to track.<\/p><p><b>ETFs and funds: <\/b>A few institutional products and funds offer Ethereum exposure, although many of these are outside Canada. Examples include Grayscale Ethereum Trust and other US-listed ETH ETFs.<\/p><h4>Canadian Ethereum exposure<\/h4><p>You can gain exposure to ETH through <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/ethereum-etf\">Canada-listed ETFs<\/a> and crypto investment service providers.<\/p><ul><li><strong>CI Galaxy Ethereum ETF (TSX:ETHX.U):<\/strong> Offers Ethereum exposure through its digital asset fund products.<\/li><li><strong>Purpose Ether ETF (TSX:ETHH):<\/strong> Uses investor funds to buy ETH, which it holds in secure, offline storage.<\/li><li><strong>Purpose Ether Yield ETF (TSX:ETHY):<\/strong> Offers exposure to ETH ETFs (like the Purpose Ether ETF) through indirect, derivative investments.<\/li><li><strong>Evolve Ether ETF (TSX:ETHR):<\/strong> Tracks the US dollar price of ETH by investing in it directly.<\/li><li><strong>Fidelity Advantage Ether ETF (TSX:FETH):<\/strong> Invests in Ether directly, which it custodies in-house.<\/li><\/ul><h3><b>How to compare companies investing in Ethereum<\/b><\/h3><p>Just like with Bitcoin, it\u2019s not just about how much ETH a company owns, but why and how it fits into their broader financial strategy.<\/p><ul><li><b>Ethereum as a % of total assets: <\/b>This helps show how heavily the company is invested in ETH.<\/li><li><b>Timing and price: <\/b>Did they buy ETH before it surged or after a dip?<\/li><li><b>Use case: <\/b>Are they holding ETH passively or using it to earn yield via staking or DeFi?<\/li><li><b>Transparency: <\/b>Does the company regularly report its ETH holdings and explain its strategy?<\/li><li><b>Impact on stock price: <\/b>How do ETH price swings affect the company\u2019s market performance?<\/li><\/ul><div class=\"eeQuote box u-rounded--lg source-finder type-expert\">\n    <div class=\"eeQuote__gridContainer\">\n        <div class=\"eeQuote__photoContainer\">\n            <div class=\"eeQuote__startQuoteIcon\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" 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Some are generating real yield through staking, which adds another layer of income potential beyond just price speculation.\"<\/p>\n\n                <\/div>\n            <\/div>\n\n                            <div class=\"eeQuote__authorInfo\">\n                                            <div class=\"eeQuote__authorPhoto--mobile\">\n                            <figure class=\"eeQuote__photo\">\n                                <img decoding=\"async\" alt=\"Kylie Purcell's headshot\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/11\/KyliePurcellF1_Finder_600x600.png\" class=\"avatar avatar-200 photo finder-avatar\" height=\"200\" width=\"200\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/11\/KyliePurcellF1_Finder_600x600.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/11\/KyliePurcellF1_Finder_600x600.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/11\/KyliePurcellF1_Finder_600x600.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\">\n                            <\/figure>\n                                                            <div class=\"eeQuote__finderLozenge\">\n  <div class=\"eeQuote__finderLozenge--desktop\">\n    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"14\" viewbox=\"0 0 1320.32 251.3\" fill=\"none\" role=\"img\" aria-label=\"Finder\">\n      <path d=\"M461.05 18.35h113.51c5.18 0 9.12 4.66 8.25 9.77l-5.53 32.68a8.37 8.37 0 0 1-8.25 6.98H505.5c-4.03 0-7.49 2.87-8.23 6.83l-4.6 24.55c-.97 5.15 2.99 9.91 8.23 9.91h57.05c5.2 0 9.14 4.68 8.25 9.8l-5.14 29.64a8.38 8.38 0 0 1-8.25 6.94h-63.04c-4.05 0-7.53 2.91-8.24 6.9l-11.77 65.83a8.375 8.375 0 0 1-8.24 6.9h-35.89c-5.21 0-9.15-4.7-8.24-9.83l35.43-199.98c.71-4 4.18-6.91 8.24-6.91ZM606.9 77.49h30.37c6.25 0 10.98 5.64 9.89 11.8l-24.31 137.49c-.85 4.8-5.02 8.3-9.89 8.3h-30.37c-6.25 0-10.98-5.64-9.89-11.8l24.31-137.49c.85-4.8 5.02-8.3 9.89-8.3m3.71-23.44c-4.75-4.85-7.12-10.68-7.12-17.49 0-7.43 2.83-13.93 8.51-19.5 5.67-5.57 12.23-8.36 19.66-8.36 7.01 0 12.9 2.48 17.65 7.43s7.12 10.84 7.12 17.65-2.79 13.11-8.36 18.89q-8.355 8.67-19.5 8.67c-11.145 0-13.21-2.42-17.96-7.28ZM679.33 77.49h30.96c3.01 0 5.61 2.09 6.26 5.03 1.01 4.58 6.41 6.52 10.16 3.7 11.56-8.71 24.22-13.06 37.96-13.06 16.51 0 28.89 4.13 37.15 12.38 8.25 8.26 12.38 20.95 12.38 38.08 0 7.23-.83 15.79-2.48 25.7l-14.23 80.47a6.405 6.405 0 0 1-6.31 5.29h-37.77c-3.98 0-7-3.59-6.31-7.52l13.23-75.46c.62-4.13.93-7.74.93-10.84 0-13.82-6.5-20.74-19.5-20.74-16.51 0-26.52 10.42-30.03 31.27l-13.92 78a6.404 6.404 0 0 1-6.31 5.28h-37.77c-3.99 0-7.01-3.6-6.31-7.53l25.6-144.77c.54-3.06 3.2-5.29 6.31-5.29ZM859.4 230.89c-10.11-5.67-18.16-13.78-24.15-24.3-5.99-10.53-8.98-22.6-8.98-36.22 0-16.72 4.07-32.56 12.23-47.52 8.15-14.96 19.24-26.98 33.28-36.07q21.045-13.62 46.44-13.62c9.91 0 18.42 1.96 25.54 5.88 2.38 1.31 4.51 2.66 6.39 4.03 4.03 2.95 9.74.79 10.63-4.13l10-55.09c.58-3.18 3.35-5.5 6.58-5.5h37.21c4.16 0 7.31 3.76 6.59 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18.58l-1.67 9.44a7.69 7.69 0 0 1-7.57 6.35h-102.53Zm65.17-50.78c-4.02-5.36-10.89-8.05-20.59-8.05s-17.86 2.58-24.46 7.74c-4.26 3.33-7.74 7.17-10.46 11.52-2.08 3.34.27 7.68 4.21 7.68h51.79c3.14 0 5.56-2.85 4.99-5.94-1.49-8.01-5.49-12.95-5.49-12.95ZM1207.33 77.49h30.95a6.56 6.56 0 0 1 6.34 4.86c1.26 4.69 6.98 6.4 10.66 3.22 2.66-2.31 5.59-4.43 8.78-6.38 6.6-4.02 14.24-6.04 22.91-6.04 7.11 0 13.31 1.22 18.62 3.67 3.37 1.55 4.65 5.7 2.91 8.98l-17.78 33.48c-1.56 2.95-5.08 4.23-8.19 3.02-3.06-1.19-6.64-1.78-10.73-1.78-8.05 0-14.97 2.58-20.74 7.74-5.78 5.16-9.6 13-11.45 23.53l-13.9 77.87a6.56 6.56 0 0 1-6.46 5.41h-37.45c-4.08 0-7.17-3.69-6.46-7.71l25.54-144.46a6.555 6.555 0 0 1 6.46-5.42ZM264.8 237.72c-24.09 0-47.53-7.89-66.68-22.35-19.15 14.45-42.6 22.35-66.68 22.35-61.07 0-110.76-49.68-110.76-110.75V16.21H264.8c61.07 0 110.75 49.68 110.75 110.75s-49.68 110.75-110.76 110.75Z\" fill=\"#fff\"><\/path>\n      <path d=\"M264.8 23.64c57.06 0 103.32 46.26 103.32 103.32S321.86 230.28 264.8 230.28c-25.42 0-48.69-9.2-66.68-24.43-18 15.23-41.26 24.43-66.68 24.43-57.06 0-103.32-46.26-103.32-103.32V23.64h236.69m-.01-14.87H13.24v118.19c0 31.57 12.29 61.25 34.62 83.57 22.32 22.32 52 34.62 83.57 34.62 23.86 0 47.12-7.26 66.68-20.63 19.56 13.37 42.83 20.63 66.68 20.63 31.57 0 61.25-12.29 83.57-34.62 22.32-22.32 34.62-52 34.62-83.57s-12.29-61.25-34.62-83.57c-22.32-22.32-52-34.62-83.57-34.62Z\" fill=\"#232021\"><\/path>\n      <path d=\"M269.72 114.69a3.64 3.64 0 0 1 4.21-3.18c14.6 2.38 27.46-8.95 25.65-24.62-.56-4.81-2.79-8.03-5.43-11.41-1.29-1.65-.91-4.1.87-5.21 19.12-12.03 38.77-2.34 49.97 16.28 13.73 22.83 14.14 57.77.65 80.79-18.88 32.22-52.57 28.76-68.66-3.72-7.46-15.06-9.15-32.34-7.25-48.92Z\" fill=\"#232021\"><\/path>\n      <path d=\"M134.42 114.69a3.64 3.64 0 0 1 4.21-3.18c14.6 2.38 27.46-8.95 25.65-24.62-.56-4.81-2.79-8.03-5.43-11.41-1.29-1.65-.91-4.1.87-5.21 19.12-12.03 38.77-2.34 49.97 16.28 13.73 22.83 14.14 57.77.65 80.79-18.88 32.22-52.57 28.76-68.66-3.72-7.46-15.06-9.15-32.34-7.25-48.92Z\" fill=\"#232021\"><\/path>\n    <\/svg>\n  <\/div>\n\n  <div class=\"eeQuote__finderLozenge--mobile\">\n    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 24 24\" fill=\"none\" role=\"img\" aria-label=\"Finder\">\n      <circle cx=\"12\" cy=\"12\" r=\"12\" fill=\"#1D53FF\"><\/circle>\n      <g transform=\"translate(3 6.24) scale(0.0573)\">\n        <path d=\"M212.32 190.62a90.38 90.38 0 0 1-54.42-18.24c-15.63 11.79-34.77 18.24-54.42 18.24-49.84 0-90.39-40.55-90.39-90.39V9.83h199.24c49.84 0 90.39 40.55 90.39 90.39s-40.55 90.39-90.39 90.39Z\" fill=\"#fff\"><\/path>\n        <path d=\"M212.32 15.9c46.57 0 84.33 37.75 84.33 84.33 0 46.57-37.75 84.33-84.33 84.33-20.75 0-39.74-7.51-54.42-19.94-14.69 12.43-33.68 19.94-54.42 19.94-46.57 0-84.33-37.75-84.33-84.33V15.9h193.18m-.01-12.14H7.01v96.46c0 53.19 43.27 96.46 96.46 96.46 19.47 0 38.46-5.92 54.43-16.84 15.96 10.91 34.95 16.84 54.42 16.84 53.19 0 96.46-43.27 96.46-96.46S265.51 3.76 212.32 3.76\" fill=\"#232021\"><\/path>\n        <path d=\"M216.34 90.21a2.975 2.975 0 0 1 3.43-2.6c11.91 1.94 22.41-7.31 20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26 15.6-9.82 31.64-1.91 40.78 13.29 11.21 18.64 11.54 47.15.53 65.94-15.41 26.3-42.91 23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93ZM105.92 90.21a2.975 2.975 0 0 1 3.43-2.6c11.91 1.94 22.41-7.31 20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26 15.6-9.82 31.64-1.91 40.78 13.29 11.21 18.64 11.54 47.15.53 65.94-15.41 26.3-42.91 23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#212121\"><\/path>\n      <\/g>\n    <\/svg>\n  <\/div>\n<\/div>\n                                                    <\/div>\n                                        <div class=\"eeQuote__authorDetails\">\n                                                    <a class=\"eeQuote__authorName\" href=\"https:\/\/www.finder.com\/ca\/author\/kyliepurcell\" itemprop=\"url\" target=\"_blank\">\n                                Kylie Purcell\n                            <\/a>\n                                                                            <div class=\"eeQuote__authorTitle\">Senior investments editor<\/div>\n                                            <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n<\/div>\n<h3><b>What the 2025 crypto market means for Ethereum treasuries<\/b><\/h3><p>As of mid-2025, Ethereum has rallied alongside Bitcoin, and big institutions are starting to take notice. There\u2019s also growing excitement around its real-world uses, from powering tokenized assets to driving DeFi and all kinds of on-chain tech.<\/p><p>Spot crypto ETFs are now trading in multiple regions, including products here in Canada. Regulatory clarity is also improving, with tighter rules around custody and disclosure giving larger investors more confidence to enter the market.<\/p><p>In July 2025, several public companies made headlines for adding large amounts of ETH to their balance sheets, signaling that corporate interest in Ethereum is picking up speed. This momentum reflects a growing belief that Ethereum\u2019s role in powering smart contracts, layer-2 solutions and digital identity tools gives it long-term staying power.<\/p><p>For companies already holding ETH, the current market environment has been a net positive. Rising prices are helping boost the value of their treasury assets, while the broader shift towards on-chain finance is validating their early moves. For retail investors, it\u2019s worth watching how these companies perform over time, especially if ETH continues climbing.<\/p><h3><b>How do you invest in Ethereum treasury companies?<\/b><\/h3><p>Investing in companies that hold Ethereum can be a smart way to get exposure to crypto without buying ETH directly. But how you invest depends on the type of company:<\/p><p><b>Public companies: <\/b>Many Ethereum treasury companies are listed on major stock exchanges like the Nasdaq or TSX, so you can invest by buying shares through any <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/best-stock-trading-apps-in-canada\">stock trading platform<\/a>. Companies like Coinbase, Galaxy Digital and SharpLink Gaming are examples of firms you can access via platforms like Interactive Brokers, moomoo and Qtrade.<\/p><p><b>OTC companies:<\/b> Some Ether-holding firms are listed on Over-The-Counter (OTC) markets. These public companies are not listed on major exchanges but are still tradeable via specialized brokers. OTC companies can be smaller, newer or more niche and carry a bit more risk.<\/p><p><b>Private companies: <\/b>Private firms that hold Ether are not available to everyday investors on the stock market. Access might be possible via private equity platforms, but these are generally more suitable to experienced investors and often come with high minimums and low liquidity.<\/p><h3><b>Should retail investors follow corporate ETH strategies?<\/b><\/h3><p>Just because a company is buying up Ethereum, it doesn\u2019t mean you should copy them blindly. But understanding their rationale can help you decide if ETH fits your strategy too. Here are the main pros and cons:<\/p><article class=\"luna-card style=\"><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros<\/h4><ul class=\"list-1\"><li><b>Diversification through traditional trading platform:<\/b> Adding Ethereum exposure through public companies lets you tap into one of the most widely used blockchain networks without having to manage crypto wallets.<\/li><li><b>Smart contract growth potential: <\/b>Ethereum underpins a huge chunk of Web3 innovation, from decentralized finance to gaming. If you believe in the future of this tech, investing in Ethereum treasury companies is one way to back it.<\/li><li style=\"list-style-type: none;\"><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons<\/h4><ul class=\"list-12\"><li><b>ETH is still volatile: <\/b>While less wild now than in its early years, Ether\u2019s price still sees major swings, which can affect a company\u2019s share price too.<\/li><li><b>Not all ETH strategies are equal: <\/b>Some companies hold ETH as a strategic asset, while others might be chasing headlines or speculation. It\u2019s important to check their reasons.<\/li><li><b>Company risk still matters: <\/b>Even if ETH goes up, a poorly run business holding it might not. Always look at the company\u2019s fundamentals too.<\/li><\/ul><\/div><\/div><\/article><p>Ultimately, it\u2019s about matching your risk tolerance and goals. Some investors may prefer to <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/dollar-cost-averaging\">dollar-cost average<\/a> into ETFs or diversified portfolios rather than follow single-company crypto strategies.<\/p><h3>FAQs about Ethereum treasuries<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">What is an Ethereum treasury?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>An Ethereum treasury is a strategy in which a company chooses to hold ETH, the native asset of the Ethereum network, as part of its balance sheet. It's similar to holding cash, stocks or other investments and reflects a belief in ETH's future value or utility.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Why are companies investing in Ethereum?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Some companies invest in Ethereum to hedge against inflation, align with Web3 trends or gain early exposure to the digital infrastructure of the future. Others see it as a strategic asset supporting DeFi, NFTs and decentralized applications.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Which company owns the most Ethereum in 2025?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>As of mid 2025, SharpLink is reported to be the largest public holder of ETH after major purchases in July led to 280,000 ETH on its balance sheet.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">Is it risky for companies to hold Ethereum?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, Ethereum's price can be highly volatile, and regulatory risks are still evolving. However, for some tech-forward companies, the potential long-term gains and alignment with innovation outweigh these risks.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">Do Canadian companies hold Ethereum?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, most Ethereum treasury activity is happening in the US, Canada and parts of Asia. A number of investment firms, including CI Financial, Purpose Investments, Evolve and Fidelity Investments, offer Canada-based Ethereum ETFs that hold ETH directly or invest in it indirectly through derivatives or by holding shares in blockchain-focused companies.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">Should I invest in companies that hold Ethereum?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>It depends on your goals and risk tolerance. These companies give you indirect exposure to ETH without needing to buy it yourself. Just make sure to research the company's financials and their ETH strategy.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000006\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000006\">\n                <span class=\"luna-accordion__title\">How do Ethereum holdings affect stock prices?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000006\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>When ETH rises, companies holding large amounts of it can see boosts in their share price. But the reverse is also true. The more ETH a company holds relative to its other assets, the more its stock price can be influenced by crypto markets.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000007\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000007\">\n                <span class=\"luna-accordion__title\">Where can I see which companies own Ethereum?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000007\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Sites like CoinGecko and public filings from the SEC, OSC or other investment regulators can help you find out which companies hold Ethereum. You can also check earnings reports or investor presentations for more details.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000008\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000008\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\"><b>Important information:<\/b> Powered by <a href=\"https:\/\/www.finder.com\/ca\/\">Finder.com<\/a>. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.<\/div><\/article>\n<div class=\"contentFeed contentFeed--relatedPosts\">\n        <div class=\"contentFeed__carousel\" data-post-count=\"3\">\n                                    <div class=\"fin-carousels fin-carousels--multiple-items-in-view\" id=\"fin-carousel0000000000\" data-items-in-view=\"3\" style=\"--items-in-view: 3\">\n    <div class=\"fin-carousels__container\">\n        <div class=\"fin-carousels__slides\">\n                                <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/buy-spacex-stock\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Stock Trading<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/buy-spacex-stock\">Guide to buying SpaceX stock in Canada<\/a>            <\/p>        <\/header>        <p>Learn how to buy SpaceX stock in Canada and see stock performance history over time.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/euro-stoxx-50\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Stock Trading<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/euro-stoxx-50\">How to invest in the EURO STOXX 50<\/a>            <\/p>        <\/header>        <p>Want to invest in the Euro Stoxx 50 in Canada? 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   <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>We break down which companies hold Ethereum, why they\u2019re doing it and what ETH treasuries mean for markets and investors.<\/p>\n","protected":false},"author":798,"featured_media":1064642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"ethereum treasuries","_yoast_wpseo_title":"Ethereum Treasuries | Which Companies Own ETH?","_yoast_wpseo_metadesc":"Find out which companies hold Ethereum, why they\u2019re doing it and what Ethereum treasuries mean for markets, investors and balance sheets.","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_yoast_wpseo_opengraph-title":"Ethereum Treasuries | Which Companies Own ETH?","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"post_is_fact_checked":"false","post_co_author":"-1","post_co_author_date":null,"post_co_author_manual_date_checked":null,"post_reviewer":"-1","post_reviewer_date":"","post_reviewer_manual_date_checked":null,"post_editor":"685","post_editor_date":"","post_author_date":"2025-09-12T18:44:38","post_author_manual_date_checked":"false","_last_updated_date_data":"{\"is_updated_date_published\":true,\"last_updated_date\":\"2025-09-12 22:44:39\",\"timezone_offset\":\" +00:00\",\"last_update_summary\":\"We added information on investment platforms that let you invest in crypto treasury companies.\"}","_last_major_update":"","_search_priority":0,"feature_finder_bot_teaser_enabled":false,"feature_finder_bot_teaser_message":"","feature_finder_bot_teaser_placeholder":"","feature_finder_bot_teaser_suggestions":"","footnotes":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":""},"categories":[38411],"tags":[64948],"asset_tag":[],"class_list":["post-1064559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-trading","tag-investing"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6.1 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ethereum Treasuries | Which Companies Own ETH?<\/title>\n<meta name=\"description\" content=\"Find out which companies hold Ethereum, why they\u2019re doing it and what Ethereum treasuries mean for markets, investors and balance sheets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/stock-trading\/ethereum-treasuries\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Treasuries | Which Companies Own ETH?\" \/>\n<meta property=\"og:description\" content=\"Find out which companies hold Ethereum, why they\u2019re doing it and what Ethereum treasuries mean for markets, investors and balance sheets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/stock-trading\/ethereum-treasuries\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-12T21:15:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_1800x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kylie Purcell\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kylie Purcell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" 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It's similar to holding cash, stocks or other investments and reflects a belief in ETH's future value or utility."}},{"@type":"Question","name":"Why are companies investing in Ethereum?","acceptedAnswer":{"@type":"Answer","text":"Some companies invest in Ethereum to hedge against inflation, align with Web3 trends or gain early exposure to the digital infrastructure of the future. Others see it as a strategic asset supporting DeFi, NFTs and decentralized applications."}},{"@type":"Question","name":"Which company owns the most Ethereum in 2025?","acceptedAnswer":{"@type":"Answer","text":"As of mid 2025, SharpLink is reported to be the largest public holder of ETH after major purchases in July led to 280,000 ETH on its balance sheet."}},{"@type":"Question","name":"Is it risky for companies to hold Ethereum?","acceptedAnswer":{"@type":"Answer","text":"Yes, Ethereum's price can be highly volatile, and regulatory risks are still evolving. However, for some tech-forward companies, the potential long-term gains and alignment with innovation outweigh these risks."}},{"@type":"Question","name":"Do Canadian companies hold Ethereum?","acceptedAnswer":{"@type":"Answer","text":"Yes, most Ethereum treasury activity is happening in the US, Canada and parts of Asia. A number of investment firms, including CI Financial, Purpose Investments, Evolve and Fidelity Investments, offer Canada-based Ethereum ETFs that hold ETH directly or invest in it indirectly through derivatives or by holding shares in blockchain-focused companies."}},{"@type":"Question","name":"Should I invest in companies that hold Ethereum?","acceptedAnswer":{"@type":"Answer","text":"It depends on your goals and risk tolerance. These companies give you indirect exposure to ETH without needing to buy it yourself. 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