Svmuu reported that according to an Everstake report, among six Ethereum treasury companies that separately disclosed staking-related revenue, staking income accounts for an average of 60% of their reported revenue. The report reviewed 15 public companies with an Ethereum treasury strategy, of which those reporting losses in 2025 had a combined net loss of approximately $1.41 billion. Additionally, BitMine Immersion Technologies reported a net loss of $9.02 billion for the six months ending February 28, driven primarily by unrealized losses on digital assets.
The report noted that spot crypto ETFs have diminished the appeal of publicly traded companies that simply hold Ethereum, forcing treasury companies to justify their valuations through yield-generating strategies such as staking. (cointelegraph)