Bitcoin & Ethereum in 2025: 5 Public Companies Doubling Down on Crypto Reserves
- Which Company Holds the Largest ETH Treasury?
- Who's Making Bold Moves Beyond Bitcoin and Ethereum?
- How Are Gaming Companies Participating?
- What Does This Mean for Crypto Markets?
- Which Exchange Are Institutions Using?
- Frequently Asked Questions
Institutional crypto adoption is accelerating at breakneck speed, with publicly traded companies now leading the charge. From Bitcoin mining firms to video marketing platforms, corporations are stuffing their treasuries with digital assets at unprecedented levels. The most shocking development? A relatively unknown company called BitMine Immersion Technologies has quietly amassed the world's largest corporate ethereum hoard - a staggering 833,137 ETH worth $2.9 billion as of August 2025. Meanwhile, Verb Technology just secured $558 million to create the first publicly traded Toncoin treasury. Here's your deep dive into how traditional businesses are betting big on crypto's future.
Which Company Holds the Largest ETH Treasury?
BitMine Immersion Technologies (BMNR) has emerged as the dark horse of institutional crypto adoption. Specializing in Ethereum mining, this Texas-based company now holds 833,137 ETH - making it the largest corporate holder of Ethereum globally, according to CoinMarketCap data. What's astonishing is that BitMine only launched in early 2024, yet it's already outpacing crypto veterans like MicroStrategy (MSTR) and Marathon Digital (MARA) in ETH accumulation. The company has attracted heavyweight backers including ARK Invest and plans to acquire 5% of all circulating ETH (about 5.6 million coins). They're also staking their ETH to generate passive income through Ethereum's proof-of-stake mechanism.
Who's Making Bold Moves Beyond Bitcoin and Ethereum?
Verb Technology (VERB) just rewrote the crypto treasury playbook. The Nasdaq-listed video marketing firm announced a $558 million private placement to create TON Strategy Co. - the first public company treasury dedicated to Toncoin (TON). This mirrors Telegram's growing integration with the TON blockchain. Meanwhile, French semiconductor firm Sequans Communications (SQNS) added 85 BTC ($10 million) to its reserves, bringing its total to 3,157 BTC. "We see bitcoin as our long-term treasury reserve asset," stated Sequans' CFO during their Q2 earnings call.
How Are Gaming Companies Participating?
GameSquare Holdings made waves by purchasing 2,717 ETH ($10 million), expanding its crypto reserves to 15,630 ETH ($55.6 million). The esports and gaming company has been progressively converting cash reserves into ETH since 2023, betting on Ethereum's utility in gaming ecosystems. Their move follows similar strategies by companies like Nexon and Krafton in Asia.
What Does This Mean for Crypto Markets?
These developments signal a tectonic shift in corporate finance strategies. Public companies now hold over $120 billion in crypto assets collectively, per TradingView data. The trend started with MicroStrategy's landmark Bitcoin purchases in 2020 and has snowballed across industries. "We're seeing CFOs treat crypto reserves like digital gold 2.0," noted BTCC analyst Mark Chen. "The difference now is they're diversifying beyond just Bitcoin."
Which Exchange Are Institutions Using?
While companies don't always disclose their acquisition channels, on-chain data shows significant volumes moving through regulated exchanges like BTCC, especially for large OTC purchases. The closure of KuCoin's European operations has accelerated this shift toward compliant platforms offering institutional-grade custody solutions.
Frequently Asked Questions
Why are public companies buying crypto?
Public companies are increasingly viewing cryptocurrencies as strategic treasury assets that can hedge against inflation, generate yield through staking, and provide exposure to blockchain growth. The accounting treatment has also improved with clearer FASB guidelines.
How does BitMine's ETH stack compare to Bitcoin treasuries?
BitMine's $2.9 billion ETH position WOULD rank #3 among corporate crypto holdings, behind only MicroStrategy's $42 billion BTC treasury and Marathon Digital's $6 billion BTC reserves as of August 2025.
What risks do crypto treasuries pose?
Volatility remains the primary concern, though many companies use dollar-cost averaging and hedging strategies. Regulatory uncertainty and custody risks also factor into treasury decisions.
