加密货币资产库概念

$Windtree Therapeutics(WINT.US) After continuously increasing positions last night, the cumulative position reached 58,888 shares. 😂 The average price is around 1.23. Additionally, $Sharplink(SBET.US) experienced a significant pullback last night, which might present an opportunity to establish leaps calls next week.

The concept of Crypto Assets Treasury refers to listed companies incorporating cryptocurrencies (such as ETH or BNB) into their balance sheets as a reserve asset strategy. This practice is similar to early Bitcoin (BTC) holdings by companies like MicroStrategy, aiming to hedge against inflation, enhance shareholder value, and improve financial flexibility through the appreciation of crypto assets. In 2025, with improved regulatory environments and accelerated institutional adoption, this concept became particularly popular, especially in the U.S. stock market. Several companies have publicly disclosed holding ETH as their primary treasury asset, while BNB adoption is relatively nascent, primarily driven by initiatives related to the Binance ecosystem. According to the latest data, public companies have cumulatively held tens of billions of dollars worth of ETH, while BNB treasury strategies have attracted participation from biotech and investment firms.

The following analysis focuses on U.S. stocks involved in ETH and BNB treasury operations. Based on holdings size, company fundamentals, market performance, and strategic significance, I will select the two most recommended stocks for each asset. Data is sourced from the latest reports and announcements as of July 2025.

ETH Treasury Stock Analysis

As the second-largest crypto asset, ETH has been considered the preferred treasury reserve by many U.S. companies, especially after the Ethereum network upgrades (such as the Dencun upgrade) in 2025, where its staking yields and DeFi potential attracted institutional interest. Public companies have cumulatively held ETH with a market value exceeding tens of billions of dollars, primarily concentrated in tech, mining, and gaming-related enterprises. According to The Block, companies holding at least 1,000 ETH have seen significant market cap growth. 1 In the first half of 2025, these companies added over 545,000 ETH, worth approximately $1.6 billion, driving ETH prices to a five-month high. 3

Key participating stocks include:

• SharpLink Gaming $Sharplink(SBET.US): Holds over 280,000 ETH, worth approximately $840 million, with 100% deployed for staking, generating additional yields.
• Bitmine Immersion Technologies $BitMine Immersion Tech(BMNR.US): Holds ETH worth around $1 billion, exceeding 300% of its initial PIPE financing.
• Bit Digital Inc. $Bit Digital(BTBT.US): Holds about 120,000 ETH, reinforcing its position as one of the largest ETH treasuries in the public market.
• Others, such as BTC Digital Ltd. and emerging mining companies, are also accumulating ETH.

Top Two Recommended Stocks:

1. SharpLink Gaming (SBET): Recommended because it is the largest ETH treasury holder in 2025, surpassing even the Ethereum Foundation, making it an enterprise leader. Its staking strategy provides passive income (annualized ~4-5%), enhancing shareholder value. The company’s gaming business has significant Web3 potential, with its stock price rising 80-90% in the past week. Additionally, as a company founded by Joseph Lubin (Ethereum co-founder), it has ecosystem advantages. Ideal for investors seeking high ETH exposure.
2. Bitmine Immersion Technologies (BMNR): Recommended for holding $1B worth of ETH, with Peter Thiel’s 9.1% stake boosting confidence and driving a 20% stock price increase in afternoon trading. The company’s immersion cooling technology supports efficient mining and staking, with its treasury strategy exceeding initial financing by 300%, demonstrating strong execution. Compared to pure crypto companies, its diversified business reduces risk, making it a beneficiary of the ETH treasury trend.

BNB Treasury Stock Analysis

BNB, as Binance’s native token, saw emerging treasury adoption in 2025, primarily benefiting from Binance’s Q2 trading volume dominance and network upgrades (e.g., the Maxwell upgrade, which reduced block time). Compared to ETH, BNB treasury companies are fewer but have attracted biotech and investment sectors, with cumulative planned investments exceeding hundreds of millions. Animoca Brands reports indicate public companies are turning to altcoins like BNB for diversification. In 2025, BNB prices surpassed $700, driven by treasury announcements.

Key participating stocks include:

• Windtree Therapeutics $Windtree Therapeutics(WINT.US): Plans to raise $200M to establish a BNB treasury, becoming the first NASDAQ company directly exposed to the Binance ecosystem.
• Nano Labs Ltd. $Nano Labs(NA.US): Purchased $50M BNB as part of a $100M treasury strategy, aiming to acquire more.
• Emerging BNB Treasury Company (backed by 10X Capital and YZi Labs): Plans to go public, focusing on BNB reserves, but not yet listed.
• Others, like Build & Build, involve hedge fund-backed $100M accumulation plans.

Top Two Recommended Stocks:

1. Windtree Therapeutics (WINT): Recommended for its $200M agreement with Build and Build, making it a BNB treasury leader and driving short-term stock gains. As a biotech firm, its treasury strategy provides direct exposure to Binance Smart Chain, potentially benefiting from BNB ecosystem privacy upgrades. This marks Big Pharma’s entry into crypto, diversifying risk and attracting Wall Street interest.
2. Nano Labs (NA): Recommended for executing a $50M BNB purchase as part of a larger $100M treasury strategy, showing rapid adoption. The company’s chip business aligns with BNB Chain’s scaling plans (e.g., gas limit expansion), enhancing long-term value per its 2025-2026 roadmap. Compared to indirect support from Binance founders, its listed status offers immediate investment opportunities for altcoin exposure seekers.