Original | Odaily Planet Daily
Author | Golem
The US stock market's crypto sector is heating up! Public companies are no longer content with simply emulating MicroStrategy's Bitcoin treasury strategy—they're now diversifying into ETH, BNB, SOL, and other popular altcoins. This marks a thrilling new phase in the market frenzy.
Initially, "Bitcoin treasury stocks" captivated investors with soaring share prices, but information asymmetry left many on the sidelines. Now, with FOMO (fear of missing out) sentiment intensifying, attention has shifted to companies boldly accumulating altcoins. A "US stock version of Altcoin Summer" is on the horizon!
Odaily Planet Daily has compiled a list of publicly traded companies that have announced holdings in ETH, BNB, SOL, TRX, HYPE, and other altcoins—helping readers seize this emerging opportunity.
Ethereum Treasury Companies
SharpLink Gaming (NASDAQ: SBET)
- Total ETH Holdings: 194,000 ETH (~$476 million)
- Share Price (as of June 26): $10.28
- Market Cap: $626.12 million
Background:
SharpLink Gaming, a Nasdaq-listed company, previously focused on sports betting and iGaming technology but faced operational struggles. In May 2025, it pivoted to ETH accumulation, raising $425 million to fund its crypto treasury.
Key Developments:
- June 2025: Filed with the SEC to sell shares and purchase $1 billion worth of ETH.
- Current average buy-in: ~$2,611 per ETH (slightly underwater due to recent price dips).
👉 Explore SharpLink’s bold crypto strategy
Solana Treasury Companies
Upexi (NASDAQ: UPXI)
- Total SOL Holdings: 679,677 SOL (~$99.4 million)
- Share Price (as of June 26): $3.33
Why It Matters:
Upexi announced a $100 million funding round led by crypto market maker GSR, with 95% allocated to SOL accumulation. Despite a post-announcement stock surge, shares have since retreated.
BNB, TRON, and Ripple Treasury Plays
Nano Labs (NASDAQ: NA)
- Planned BNB Purchase: $1 billion (long-term goal: 5–10% of circulating supply).
- Recent Stock Performance: +36% after announcement.
SRM Entertainment (NASDAQ: SRM → Tron Inc.)
- TRX Strategy: Backed by Justin Sun’s father, targeting $210 million in TRX holdings.
👉 Why altcoin treasuries are reshaping stocks
Key Takeaways
- Altcoin Season 2.0: Public companies are driving liquidity into crypto via stock-market mechanisms.
- Risks Remain: Many firms are financially shaky—investors should tread carefully.
- Regulatory Tailwinds: Global crypto acceptance and IPO buzz could fuel sustained interest.
FAQ
Q: Are these companies just speculating, or is this a long-term trend?
A: While some are leveraging crypto for short-term gains, others (like SharpLink) are committing serious capital, signaling deeper institutional adoption.
Q: How do altcoin treasuries affect crypto prices?
A: Large-scale purchases can create upward pressure, but market volatility remains a factor.
Q: Should I invest in these stocks?
A: Due diligence is critical—many are high-risk, high-reward plays.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investors should conduct independent research.