Whale wallets mirror 2017 buying patterns before Ethereum's last significant surge. Ethereum trading volume spikes…

Ethereum(ETH) Pays Off: Public Companies Reap Big Gains, Small Players Lead in ROI
- As of July 23, 2025, public companies with Ethereum holdings recorded substantial gains, led by SharpLink Gaming and Bitmine Immersion.
- Smaller firms like Bit Digital and Exodus achieved the highest percentage returns, outperforming larger holders.
- Ethereum continues to grow as a strategic asset in corporate portfolios across sectors.
Recent data from CoinGecko shows that several public companies have generated notable returns from their Ethereum (ETH) investments. SharpLink Gaming leads in both ETH volume and value, holding 360,807 ETH bought at an average of $2,864. Its holdings have appreciated to $1.33 billion, reflecting a 29% increase. Bitmine Immersion, another major holder, owns 300,657 ETH, which was purchased at $3,251. That portfolio is now worth $1.11 billion, yielding a 13.7% gain.
These two companies maintain the highest exposure to Ethereum in terms of both volume and total portfolio value. Their performance underscores the advantage of large-scale ETH acquisition, although percentage gains remain moderate compared to smaller players.
Smaller Firms Outperform in Percentage Gains
While large firms dominate in volume, smaller companies achieved stronger percentage growth. Bit Digital increased its Ethereum portfolio from $239.3 million to $444.5 million, an 85.8% gain. This performance positions it among the top performers in terms of return on investment. Exodus, with the smallest ETH holding among the listed firms, posted a 102.7% increase. Its ETH valuation doubled from $4.65 million to $9.42 million.
These results show that companies with lower exposure to Ethereum can still generate substantial returns. Entry timing and position size play critical roles in portfolio performance. Such trends indicate that smaller firms can outperform if they make well-timed strategic investments in digital assets.
Moderate Gains Among Other Public Ethereum Holders
Other positive results were recorded by Coinbase and BTCS Inc. Coinbase had a huge amount of ETH, 507.3 million, even though the current level was not stated. BTCS Inc. increased its holdings of ETH by 29.9 percent to reach a value of 206.1 million US dollars.
Some of the other companies that reported gains on ETH were GameSquare, KR1 Plc, and BTC Digital Ltd. BTC Digital Ltd.’s portfolio increased only by a small margin of 6m to 7.76m. These moderate growths also point to the general interest in Ethereum in publicly traded companies, whether they are large enough or belong to any industry.
Disclaimer:Â This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.