Corporate Treasuries Staking Crypto: Which Companies Are Doing It?
Holding Bitcoin on a balance sheet used to be the boldest move a public company could make. Now, treasuries are putting Ethereum and Solana to work for ongoing rewards instead of letting it sit idle.
Corporate treasuries staking crypto are going a step further than simply holding it — locking Ethereum and Solana into their networks to earn ongoing rewards instead of leaving those assets idle.
Why Corporate Treasuries Are Staking Crypto Instead of Just Holding It
A treasury holding proof-of-stake assets like ETH or SOL can lock them into the network to help validate transactions and earn staking rewards in return. According to CoinGecko’s treasury tracker, Solana staking has historically yielded around 6 to 8 percent annually, while Ethereum staking has run lower, in the low single digits. That’s meaningfully more than idle cash earns, which is why treasuries increasingly choose to stake rather than just hold.
Staking turns a passive digital asset treasury into a yield-generating one — rewards are paid in more of the same token, not cash.
Which Companies Are Staking Crypto in Their Treasuries
A growing list of public companies now stake the crypto sitting on their books instead of leaving it dormant.
Ethereum Treasury Stakers
Publicly traded firm Bitmine Immersion Technologies (BMNR) has built one of the largest corporate Ethereum treasuries and stakes the majority of its holdings, reportedly generating tens of millions of dollars in estimated annual staking revenue from several million staked ETH.
Solana Treasury Stakers
Forward Industries has pivoted its balance sheet strategy around Solana and, according to CoinGecko’s Solana treasury tracker, is among the largest publicly traded holders of SOL, staking most of its position to earn rewards while also holding the token for potential price appreciation. Smaller firms like Upexi have followed a similar path, growing their staked SOL position over time.
Real Example: How Staking Yield Adds Up for a Corporate Treasury
Picture a company holding 1 million SOL. At an estimated 7% annual staking yield, that treasury could earn roughly 70,000 SOL per year in rewards, paid in more SOL rather than cash. A company holding 1 million ETH at an estimated 3% yield would earn closer to 30,000 ETH annually.
| Treasury Holding | Estimated APY | Annual Reward |
|---|---|---|
| 1,000,000 SOL | ~7% | ~70,000 SOL |
| 1,000,000 ETH | ~3% | ~30,000 ETH |
These figures are illustrative estimates based on historical network averages, not guaranteed outcomes, since actual APY shifts with network conditions and validator performance.
Staking rewards are never guaranteed. They can be reduced by network changes, validator downtime, or slashing penalties, and the underlying token’s price can still fall regardless of yield earned.
Conclusion: Corporate Treasuries Staking Crypto Is Becoming Standard Practice
Corporate treasuries staking crypto are turning static holdings into yield-generating assets, following a shift from simple Bitcoin accumulation toward active participation in proof-of-stake networks. Staking rewards are never guaranteed and depend on market and network conditions.
