"Strategy stock has soared over 2,280% in five years, outpacing Bitcoin itself, inspiring imitators like Metaplanet, which has amassed 16,352 BTC. This summer, Ethereum ( ) treasury companies took center stage, with BitMine Immersion Technologies (NASDAQ:BMNR) emerging as the largest ETH holder, owning over 2 million ETH valued at $9.2 billion, including cash. Now, (CRYPTO:WLD) treasury strategy, Eightco Holdings (NASDAQ:OCTO) has ignited excitement with its Worldcoindriving a 3,000% stock surge in a single day yesterday, from $1.45 to over $45 per share."
"Strategy's success, with $71.8 billion in BTC holdings, proved the model's potential, as its stock became a leveraged proxy for Bitcoin's price. BMNR's pivot to ETH, selling all its BTC to raise $174 million for ETH purchases, reflects a shift toward Ethereum's utility in DeFi and smart contracts. Eightco's bet on Worldcoin, tied to its Orb-based identity verification, suggests treasury companies are diversifying into niche tokens with specific use cases, potentially broadening the trend."
Corporate treasury strategies have shifted toward holding cryptocurrencies such as Bitcoin, Ethereum, and niche tokens as reserve capital to amplify shareholder returns. MicroStrategy pioneered the model in 2020 by acquiring 21,454 BTC for $250 million, helping propel its stock and inspiring imitators like Metaplanet. BitMine Immersion Technologies repositioned into Ethereum and holds over two million ETH. Eightco Holdings' large Worldcoin position triggered a 3,000% one-day stock surge, demonstrating how treasury bets can dramatically affect equity prices. Companies commonly fund purchases with debt or equity, magnifying both potential gains and risks as treasuries diversify into less-established tokens.
Read at 24/7 Wall St.
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