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Crypto Treasury Boom has hit $ 160 billion, because BTC is an ATH above 120k rallyed. Will the growth extend in Q3 in the midst of macro uncertainty?
There is no doubt that Crypto -Schat Chist of public companies was the most dominant story in 2025. The trend doubled In less than three months to $ 160 billion in market capitalization.
Interesting is that what started with Michael Saylor’s strategy (micro strategy) bets Bitcoin [BTC] has spread to Ethereum [ETH] And Solana [SOL]Among others altcoins.
Source: The Block
Different strategy copycats originated in the midst of a crazy gold fever while they hunt and hope for the windfall enjoyed by Saylor’s firm. Currently it has A non -realized win of $ 28 billion on his BTC Holdings.
Between April and July, the cumulative market of public companies jumped Crypto (BTC, ETH and SOL) from $ 74 billion to $ 160 billion.
That is more than double the growth, because BTC jumped to a record high above $ 120k. And BTC Treasury was good for $ 147 billion of the 160B market capitalization.
ETH is catching up, Sol follows the suit
While BTC dominated the Crypto Bitchist, led by strategy and metaplanet, a new trend of ETH -public companies in Q2 arose while the stablecoin and tokenization were exploded.
Now Tom Lee-guided Bitmine Immersion Tech 625K has acquired ETH worth more than $ 2.4 billion.
Sharplink Gaming and the Ether Machine are the second and largest ETH holders, who each hold $ 1.68 billion and $ 1.28 billion ETH respectively respectively.
In general, around 2.8 million ETH ($ 10 billion) have been stacked By public companies, Web 3 companies and ETFs. For public companies, their stock has fallen slightly to $ 6.3 billion from a recently high high of $ 7.8 billion.
Source: The Block
Solana has also enjoyed modest interest from public companies such as Defi Development Corp, Upexi and SOL strategies, among other things.
At the time of the press, public companies holding Sol had a market capitalization of $ 1 billion, about 6x less than ETH and 147x less than the size of the BTC treasury.
Source: The Block
That said, those who jump on the ETH and SOL -CRYPTO Bitchists are looking for the preparation of yields and extra opportunities of the expected stablecoin and tokenization tree.
However, BTC players such as Saylor play a different arbitration game of the Department Department against the US tax debt and inflation to maintain the capital of the shareholders.
Whatever the crypto bet, but market fluctuations can influence the importance of these companies and rise macro -uncertainty In Q3 their growth could influence.