In 2025, some companies filled the war chest with alternative crypto assets beyond Bitcoin, leading to the main focus of the Digital Monetary Treasury reserves. The following highlights the top 10 public Bitcoin finance companies and the top 10 Ethereum finance companies.
Top Bitcoin and Ethereum Finance Companies
This year’s theme is centered around the institutional adoption of crypto assets. After the previous micro-tactic, the strategy, it launched a wave of corporate Bitcoin purchases, and a series of stock trading companies began pursuing lawsuits with Ethereum (ETH) and other alternative crypto assets. For example, as of August 24, 2025, 10 public companies had 2,955,200 ETH, totaling about $14.2 billion.
Public companies are competing to assert control in Ethereum
The ranking topping is Bitmine Immersion Tech, which holds an impressive 1.5 million ETH worth $72.9 billion. Over the past six months, the NYSE: BMNR has risen 727%, but in the past five sessions, Bitmine has slipped 12%.
Next is the $3.55 billion Sharplink game with 740,800 ETH. In 183 days, NASDAQ:SBET won 270%, but SBET exceeded 7% on the last five trading days.
In third place is the etheric machine sitting at 345,400 ETH, worth $1.65 billion. The company, also known as Dynamix Corporation (NASDAQ: DYNX), has soaked 0.37% over the past five days, but has grown by more than 10% in six months.
Source data: StrategeThreserve.xyz
Bit Digital grabs the fourth spot and holds 120,300 ETH, $575 million. BTBT registered with NASDAQ has slipped 4% over the last 183 days, a further 8.4% decrease over the last five.
Ethzilla Corporation is not fifth, with 94,700 ETH worth $453.2 million. NASDAQ-registered Ethzilla Corporation saw ticker Ethz rise 148% over six months, while five-day statistics show a 51% decline.
Further down the rankings, BTCS Inc. manages 70,000 ETH, worth $335 million, while FG Nexus holds 47,300 ETH, worth $226 million. GamesQuare Holdings, the most famous of eSports Ventures, owns 15,600 ETH, totaling $74 million.
It was ninth in the ETH strategy, with 12,300 ETH worth $59 million, and Intchains Group concludes the top 10 with 8,800 ETH worth $42.2 million. In total, 10 public companies are leading 2.45% of the circulation of 120,707,592 ETH.
Strategy Tower in BTC – War Run All Other Players
At Bitcoin (BTC) Arena, the strategy is the largest corporate holder, earning a significant margin at 629,376 BTC worth $720 billion. The NASDAQ-registered MSTR has scored 9% in the last six months, but skated 3.7% last week.
It’s quite behind, but still important, Mara Holdings has 50,639 BTC worth $5.79 billion. Stocks listed on NASDAQ have grown 0.09% over six months, after an increase of 3.8% over the past five days.
XXI is also known as the Twenty One, and is rated third with 43,514 BTC at $4.97 billion. The company has not yet been revealed and is preparing for its debut following a business combination with Cantor Equity Partners.
Source data: bitcointreasuries.net
Bitcoin Standard Treasury Company is ranked fourth at 30,021 BTC, worth $3.43 billion, and like XXI, it has not yet entered the market. Through a merger with Cantor Equity Partners I (CEPO), we are preparing for the Nasdaq list.
Newly listed NYSE company Bullish (BLSH) reported 24,000 BTC, $2.74 billion on its balance sheet today, up 88% from its debut price. However, BLSH has slid over 6% over the past week.
In sixth place, Riot Platforms holds 19,239 BTC, while Japan’s Metaplanet has secured 18,888 BTC. Trump Media & Technology Group counts 15,000 BTC on the balance sheet, while CleanSpark closes the top 10 with 12,703 BTC and Coinbase Global at 11,776 BTC.
Overall, these 10 companies manage 855,156 BTC. Both ether and bitcoin treasury companies highlight Crypto’s role as the centre of the world’s most audacious corporate players.
The statistics collected for this article came from StrategyEthReserve.xyz and Bitcointreasuries.net on August 24, 2025.
