In a significant development for Crypto adoption, treasury firms have declared plans to purchase over $7.8 billion worth of digital assets this week, with Ethereum emerging as the favored choice among public companies.
According to Cointelegraph’s analysis of 16 company disclosures since Monday, more than $3 billion in Ether has been bought or committed, signaling a growing appetite among corporates to gain blockchain exposure without traditional exchange-traded products.
This wave of buying marks one of the largest coordinated moves by corporations to acquire crypto assets.
Ethereum Dominates Corporate Purchases
Bitcoin miner BTCS Inc. led the charge by filing to sell up to $2 billion in shares to finance ETH purchases.
Meanwhile, Joe Lubin’s Sharplink Gaming expanded its holdings by acquiring $338 million worth of Ether in two separate transactions.
Joining them, The Ether Machine snapped up 15,000 ETH for about $57 million.
Other firms have pivoted entirely toward crypto.
180 Life Sciences Corp rebranded as ETHZilla Corporation in a $425 million deal, while Fundamental Global became FG Nexus with a $200 million commitment toward Ether.
Altcoins Also Capture Corporate Attention
While Ethereum took center stage, several firms turned their focus to altcoins.
Tron Inc., now tied to Justin Sun’s blockchain ecosystem, revealed plans to raise $1 billion to buy Tron (TRX) tokens.
Other companies disclosed intentions to acquire Solana (SOL), Sui (SUI), and BNB — Binance’s affiliated token.
The most notable new player was CEA Industries, formerly a Canadian vape firm, which transitioned into a BNB-buying entity through a takeover by 10X Capital and YZi Labs.
CEA reportedly plans to raise $500 million and potentially up to $1.25 billion to acquire BNB, heavily linked to Binance co-founder Changpeng Zhao.
Altcoin Deals Gain Momentum
More activity followed during the week.
On Thursday, Cemtrex Inc. announced a $1 million purchase of Solana with a goal to scale it up to $10 million.
Earlier in the week, Mill City Ventures III finalized a $450 million deal to pivot its Business toward Sui token acquisition.
These moves indicate that altcoins are becoming more than just speculative plays — they’re now part of corporate strategic investments.
Industry Holdings Surpass $100 Billion
According to Galaxy Research, crypto treasury companies now hold more than $100 billion in digital assets, with $93 billion in Bitcoin alone.
However, not all companies are valued equally.
Michael Saylor’s firm Strategy, for instance, carries an equity premium of 58%, attributed to its maturity and scale.
In contrast, Japan’s Metaplanet trades at a 179% premium, driven by what analysts describe as its “aggressive capital formation model.”
Risk Factors in the Treasury Model
Galaxy analyst Will Owens warned in a report that the treasury company model heavily relies on sustained equity premiums.
“If the premium collapses, or worse, flips to a discount, the model begins to break,” Owens wrote.
He also cautioned that the model is becoming overcrowded.
“When hundreds of firms adopt the same one-directional trade (raise equity, buy crypto, repeat), it can become structurally fragile,” Owens noted.
Bitcoin Still a Top Pick
Despite the focus on altcoins, Bitcoin remains a go-to asset.
Seven firms this week alone disclosed plans or actions to purchase a combined $2.7 billion in BTC.
Strategy (formerly MicroStrategy) led with the purchase of 21,021 BTC using $2.5 billion raised from its preferred stock offering.
The Smarter Web Company spent $26.5 million on 225 BTC, while Japan’s Metaplanet acquired 780 BTC for approximately $92 million.
A new entrant, ZOOZ Power Ltd., also stepped into the Bitcoin space with a $180 million acquisition plan.