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Ethereum’s price has surged 5.9% in a day, reaching $3,155, as public companies increasingly stockpile ETH. SharpLink Gaming, BitMine Immersion, and Bit Digital are among firms pivoting to Ethereum treasuries, driving stock rallies.
- SharpLink Gaming holds $884M in ETH after pivoting from gambling marketing, with Consensys CEO Joseph Lubin joining its board.
- BitMine Immersion raised $250M for an ETH treasury, seeing its stock surge 1,100% post-acquisition, with Peter Thiel’s Founders Fund taking a 9.1% stake.
- Bit Digital shifted its entire treasury to Ethereum (100,603 ETH) and sold $67.3M in shares to buy more, citing ETH’s potential as a programmable financial asset.
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