Treasury Ether companies are emerging with a new play book: treating cryptocurrency not only as a reserve asset, but as a capital generating capital.
In recent months, several companies have presented Ether Treasury strategies that generate passive performance through Eth Staking. These include Bitmine Immersion Technologies (BMNR) and Sharplink Gaming (SBET).
According to a report by the Wall Street corridor, Bernstein, published on Monday, these companies are structuring the treasure bonds around the second largest cryptocurrency, which considers assets to obtain operational income while supporting the financial base of the network.
While Bitcoin (BTC) bonds such as those of the strategy (MSTR) favor the liquidity and passive possession, Ether Treasury bonds are inclined in betting yields, currently less than 3%, although historically they vary between 3%–5%, the report said.
A $ 1 billion ether treasure could generate $ 30 million, $ 50 million in annual yield, estimates Bernstein.
But with that income comes complexity. The Ethereum rethink model offers a performance for the holders instead of the miners, which require an active capital implementation and a more intensive risk supervision.
Unlike the highly liquid Bitcoin reserves of the strategy, Ether to introduce liquidity restrictions. An unstable can take days, creating possible mismatches in times of volatility.
Most advanced strategies, such as writing or agriculture of performance of decentralized finances (DEFI), amplify the safety risks and intelligent contracts, according to the report. Treasury managers must balance performance optimization with institutional degree custody and risk infrastructure.
Even so, Bernstein expects Ether Treasures leaders to manage these compensations effectively.
With almost 30% of the staked ether offer and another 10% blocked in Defi, combined with ongoing ETF inputs, the report suggests a strong structural demand of ETH in the close to the medium term.
The supply, meanwhile, remains relatively flat. Analysts are still optimistic about the ether and their ability to support capital strategies at the scale of the Treasury, provided that liquidity and risk are handled with discipline.
Read more: the analyst says that ETH could reach $ 13K as soon as the fourth quarter, with $ 8K as its conservative objective
