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 disclosed staking-related income, staking income accounted for an average of 60% of their reported revenue. The report reviewed 15 public 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 noted that spot cryptocurrency ETFs have diminished the appeal of companies simply holding Ethereum, forcing treasury companies to justify their valuations through yield-generating strategies such as staking. (cointelegraph)