Welcome to the US Crypto News Morning Briefing. We'll briefly summarize today's key cryptocurrency developments.
Prepare your coffee. Ethereum is no longer just for crypto native players. Listed companies are holding more and more ETH. This indicates a new stage of institutional adoption.
Today's Cryptocurrency News: New Listed Companies Hold 113,000 ETH
According to a new report from CoinGecko, the total Ethereum holdings of listed companies surged to 1,002,666 ETH as of July 23, 2025. This is equivalent to approximately $3.7 billion.
Among them, 113,000 ETH (approximately $409 million) is held by companies that first disclosed their positions this quarter.
At the top of the leaderboard is Sharplink Gaming. The company holds 360,807 ETH, currently worth over $1.33 billion. Notably, over 95% of the ETH is deployed in staking and liquid staking platforms.
Sharplink has clearly positioned Ethereum as a core financial reserve, with a strategy aimed at revenue generation and long-term value preservation.
Second is Bitmine Emergence. The company holds 300,657 ETH tokens, valued at $1.11 billion. Chaired by Tom Lee of Fundstrat. Bitmine has the most aggressive ETH accumulation target on record. The company aims to hold approximately 6 million ETH, which is 5% of all existing ETH.
Appreciate this @cosmo_jiang ๐๐๐
โ Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) July 24, 2025
Pantera has been a great partner @PanteraCapital
Bitmine $BMNR is committed to rapidly growing ETH value per share
And the stated goal is eventually 5% of ETH https://t.co/IbCHfQxikU
The average entry price is $3,251, and they are currently showing an unrealized profit of 13.7%.
Coinbase, the largest US cryptocurrency exchange, holds 137,300 ETH, worth over $507 million. This represents nearly 13.7% of all ETH held by listed companies. Although recently overtaken, Coinbase remains a key institutional holder.
Bit Digital, best known for Bitcoin mining, has significantly shifted to Ethereum staking. They are avoiding BTC. Currently holding 120,306 ETH (valued at $444.5 million), they have nearly doubled their position value, recording an 85.8% unrealized profit.
Rounding out the top 5 is BTCS Inc. The company holds 55,788 ETH, valued at $206.1 million. They recently issued convertible bonds to increase their Ethereum holdings, demonstrating a strong belief in Ethereum's long-term value.
"We have been accumulating ETH since 2021." โ Charles Allen, BTCS CEO
This aligns with recent US Crypto News publications highlighting competing listed companies purchasing Ethereum.
Small Players Signal Expanding Institutional Interest
Beyond the top 5, companies like Gamesquare Holdings (10,170 ETH), Intchains Group (7,023 ETH), KR1, Exodus, and BTC Digital hold small but strategic positions.
For example, Gamesquare recently expanded its financial mandate from $100 million to $250 million, hinting at future ETH purchase and NFT revenue strategies.
Exodus, holding only 2,550 ETH tokens, has the largest unrealized profit at 102.7%, highlighting how early purchases can yield significant gains in a volatile market.
Despite increasing ETH accumulation, Ethereum remains second to Bitcoin in public financial adoption.
The top two companies, Sharplink and Bitmine, hold over 65.9% of all publicly disclosed ETH, exceeding $1 billion. Institutional ETH adoption remains highly concentrated.
However, the 2024 spot Ethereum ETF launch and the network's Proof-of-Stake (PoS) transition have significantly lowered corporate exposure barriers.
Ethereum is currently maintaining above $3,600. After dropping to $1,383 earlier this year, corporate financials are now generally profitable. The largest altcoin by market cap has now been officially included in financial statements.
Today's Chart
Byte Size Alpha
Summary of today's notable US cryptocurrency news:
- BeInCrypto has partnered with CoinGecko to provide reliable real-time cryptocurrency market data.
- Binance listing mistake caused PUMP investors to lose a $6 million exit opportunity.
- Arkham confirmed US Bitcoin holdings of $24 billion, blocking sell rumors.
- Ripple CEO warned about XRP scams targeting the community on YouTube.
- According to MEXC research, 67% of Generation Z cryptocurrency traders use AI to manage volatility.
- $163 billion FOMO accumulation could lead to Bitcoin price recovery.
- TRON's total deposits decreased by $136 million ahead of the Nasdaq Bell Ceremony.
- Altcoin market saw its largest correction in weeks amid profit-taking.
Cryptocurrency Stock Pre-Market Overview
| Company | Closing Price on July 23 | Pre-Market Overview |
| MicroStrategy (MSTR) | $412.67 | $412.31 (-0.087%) |
| Coinbase Global (COIN) | $397.81 | $396.50 (-0.33%) |
| Galaxy Digital Holdings (GLXY) | $31.03 | $30.90 (-0.42%) |
| MARA Holdings (MARA) | $17.57 | $17.57 (0.00%) |
| Riot Platforms (RIOT) | $14.34 | $14.23 (-0.70%) |
| Core Scientific (CORZ) | $13.49 | $13.54 (+0.37%) |
