Public Companies Increase ETH, XRP, SOL Holdings as Part of Growing Treasury Strategies: Animoca Brands

Key Points

1. SharpLink Gaming recently became the largest corporate Ethereum holder, increasing its holdings to 144,501 ETH valued at $515 million.

2. Companies adopting altcoin treasury strategies have seen significant stock price jumps, with some experiencing increases of 150% in one day and 226% over a week.

3. SharpLink's Ethereum holdings are mostly staked, earning rewards while supporting Ethereum’s network security through the proof-of-stake mechanism.

4. BIT Mining announced plans to raise $200-$300 million to build a Solana (SOL) treasury as part of its expansion into the blockchain ecosystem.

5. DeFi Development Corp. acquired $2.7 million worth of Solana as part of its aggressive crypto treasury strategy.