Our "$ETH will become a larger treasury asset than $BTC" theory is strengthening...
Of the top 5 public $ETH treasury companies, only one is down in the last five days
The other 4 are up 32% - 223% (!)
Here they are, ranked by total $ETH holdings ↓
1/ @sharplinkgaming $SBET
Total $ETH currently held: 215,634
Current treasury value: ~$646.9M
→ June 13, initiated its treasury with ~176,271 $ETH
→ June 16-20, bought 12,207 $ETH at ~$2,513 per token
→ June 23-June 27, bought 9,468 $ETH at ~$2,411 per token
→ June 28-July 4, bought 7,689 $ETH at ~$2,501 per token
→ July 10, bought 10,000 $ETH from @ethereumfndn at $2,572.37 per token
Publicly disclosed raises targeting $ETH acquisition = $489M (with plans to raise a further $1B)
5 day performance (bottom to top) = +77.69%
2/ @BitDigital_BTBT - $BTBT
Total $ETH currently held: 100,603
Current treasury value: ~$301M
→ June 25, announces pivot to become an $ETH treasury, uses its existing 24,434 $ETH holdings to start
→ July 7, announces purchase of 76,169 $ETH at $2,534 per token
Publicly disclosed raises targeting $ETH acquisition = $172M
5 day performance (bottom to top) = +32.71%
3/ @BitMNR - $BMNR
Total $ETH currently held: unknown at the time of this writing
…but it looks like they’re gearing up to go in, HARD!
→ June 30, raised $250M to buy $ETH
→ July 9, closed the $250M funding round
→ July 10, filed to offer $2B worth of stock to buy $ETH
5 day performance (bottom to top) = -64.94%
4/ @NasdaqBTCS - $BTCS
Total $ETH currently held: 14,600
Current treasury value: ~$43.8M
→ May 20, bought 3,450 $ETH at $2,441 per token
→ June 2, bought 1,000 $ETH at $2,630 per token
→ June 20, bought 1,000 $ETH at $2,528 per token
Publicly disclosed raises targeting $ETH acquisition =
$57.8M, targeting a further $225M
5 day performance (bottom to top) = +143.70%
5/ @GSQHoldings - $GAME
Total $ETH currently held: 1,818.84
Current treasury value: ~$5.45M
→ July 10, announces adoption of an Ethereum Treasury Strategy and buys 1,818.84 $ETH at $2,749 per token
Publicly disclosed raises targeting $ETH acquisition = $9.2M
5 day performance (bottom to top) = +223.20%
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