Digital Asset Treasuries have been rapidly accumulating cryptocurrencies. With corporate funds, they have an unlimited liquidity that can buy almost everything that retail investors dump in the market.
However, these rapid acquisitions have also drawn the attention of many, with some skeptical about how long crypto can be as decentralized and monopoly-free as it is today.
In this article, we will try to understand whether the possibility exists that treasuries might dominate Etheruem, resulting in the alienation of retail investors.
Here’s Why Ethereum Treasuries Could Succeed Even When Its ETFs Struggle
What Are The Risks of Centralization?
There have been many voices that raise concern that Ethereum could get far more centralized with Treasury buying.
Validator Concentration
Treasuries can easily run large validators due to their enormous holdings. Due to their high stakes, which could be as high as 1048 ETH, they can easily grab a higher share of transactions to verify than others.
Here is a snapshot of Ethereum’s 1 million-plus validators. With over a million others in the queue.
Governance Risks
With high ETH concentration, treasuries could easily influence governance voting. Further, they can also create their proxies to influence development, governance, and other financial aspects.
Addressing The Concerns
In the case of validator concentration, it is unlikely that treasuries will disturb the routine functioning of the network. Rather, more validators tend to help decentralize Ethereum further. Even if a few try to turn rogue, they would be easily caught by other validators, and their stakes would be confiscated. Also, Ethereum’s further decentralization plans, where anyone with a stake of 1 ETH could become a validator, will increase the count by multifold, leaving no room for any tampering.
Governance concentration might also be solved with increased validator numbers. With further retail investor participation, there would be enough whistleblowers and watchdogs that prevent power concentration. Coincidentally, Ethereum has always been a whale-dominated cryptocurrency, yet there have been no major incidents arising from power concentration in it.
Still worried? Take a look at all the Ethereum Treasuries, with holding details, type, and much more information below.
Understanding Motive Behind Buying Ethereum
Ethereum had been in a downward trend since the last cycle high in November 2021. The trend was only broken in late 2024 and 2025 when Ethereum Treasuries started taking shape.
Created on the basis of Bitcoin Treasuries with a more technical strategy, Ethereum Treasuries bet on two major aspects: first, they sought a good return from the second-largest crypto; second, they recognized Ethereum’s central role in DeFi.
In the future, these treasuries will also bet on the planned technical developments in Ethereum like Sharding and Verkle Trees, something that could cut down costs even further, prompting a much faster adoption than ever seen.
Yet, in no aspect do these treasuries seek to control Ethereum for their own greed. Even if they do, it would be far more profitable to let Ethereum run undisturbed than to destroy it for short-term gains.
Why are Companies Eager to Create Bitcoin and Ethereum Treasuries?
How Would Ethereum Fare Without Treasuries?
Ethereum was in shambles before corporations started buying. The situation became so after the failure of Ethereum ETFs. Without treasury buying, Ethereum could slide to as low as $1,000 by the end of 2025.
Treasuries not only bought Ethereum when no one wanted to buy it, but they also made sure it was quasi-deflationary. Ethereum has an unlimited token supply, and the Ethereum Foundation has been selling ETH to fund its operations all along. Without treasury buying, the inflation in ETH would further crush its value.
Further, Treasury-led buying in the market would also inspire trust in ETH, prompting retail investors to buy.
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