{"id":164313,"date":"2025-07-29T08:30:16","date_gmt":"2025-07-29T05:30:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=164313"},"modified":"2025-07-29T08:44:47","modified_gmt":"2025-07-29T05:44:47","slug":"bernstein-warns-ethereum-treasuries-pose-new-risks","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bernstein-warns-ethereum-treasuries-pose-new-risks\/","title":{"rendered":"Bernstein Warns Ethereum Treasuries Pose New Risks\u00a0"},"content":{"rendered":"
In a note released Monday, the firm said Ethereum\u2019s 55% rally over the past month has been driven by a wave of spot ETF inflows and a new class of companies adding ETH to their balance sheets.<\/p>\n
Public firms including SharpLink Gaming, BitMine Immersion, Bit Digital, and BTCS have reportedly acquired around 876,000 ETH in July, now holding roughly 0.9% of total supply. Bernstein sees this as Ethereum\u2019s answer to Strategy\u2019s Bitcoin playbook\u2014but with staking as a critical differentiator.<\/p>\n
While Strategy amassed 607,770 BTC using long-term capital, Ethereum treasuries aim to generate yield by locking tokens in staking contracts. At current rates of 3%\u20135%, a $1 billion ETH treasury could earn $30\u2013$50 million annually, Bernstein says. But this income introduces liquidity and counterparty risks absent from Bitcoin strategies.<\/p>