Data: Staking Income Accounts for 60% of Disclosed Revenue for Ethereum Treasury Companies

According to an Everstake report, among six Ethereum treasury companies that separately disclose staking-related revenue, staking income accounts for an average of 60% of their reported revenue. The report reviewed 15 publicly traded companies with Ethereum treasury strategies, 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, a figure primarily driven by unrealized losses on digital assets.

The report notes that spot cryptocurrency ETFs have diminished the appeal of simply holding Ethereum for publicly traded companies, forcing treasury companies to justify their valuations through yield-generating strategies such as staking. (Cointelegraph)