Ethereum Gains Push Corporate Portfolios Into Profit in 2025

A new chart from CoinGecko reveals how top public companies are faring on their Ethereum investments in 2025—and most are now sitting on substantial gains.

With Ethereum’s market value climbing steadily, firms like SharpLink Gaming and Bitmine Immersion are leading the pack in realized and unrealized ETH profits.

SharpLink and Bitmine Top the Leaderboard

SharpLink Gaming holds the most profitable Ethereum position on the list. The company’s ETH holdings, originally purchased for $1.03 billion, are now worth $1.33 billion, reflecting over $300 million in unrealized gains.

Bitmine Immersion follows closely. With an entry price of $977 million, its Ethereum stash has appreciated to $1.11 billion, a gain of over $133 million.

Coinbase and Bit Digital See Strong Returns

Coinbase holds over $507 million in ETH, with current valuations unchanged in the image, suggesting recent entry or near-breakeven levels.

Bit Digital, however, shows a steep profit curve. The company entered with $239.3 million and is now sitting on $444.5 million, up over 85%.

Smaller Players, Big Upside

Even mid-tier and smaller players are turning green:

• BTCS Inc.: $158.7M invested, now worth $206.1M
• GameSquare: $35M entry, $37.5M current
• Intchains: $20M investment, $25.9M value
• Exodus and BTC Digital Ltd. also nearly doubled their ETH value

The only company currently close to breakeven is KR1 Plc, with current value just above its entry price.

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Outlook

As Ethereum hovers near multi-year highs, institutional ETH portfolios are clearly outperforming. With ETF speculation, increased staking demand, and utility growth, these companies may see even larger gains ahead—especially if ETH revisits the $5,000 range projected by some analysts.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.