Key Takeaways:
Everstake found that ETH treasury firms lost $1.41B as crypto market cap fell 30.6%.Sharplink and Bit Digital relied on staking, which made up 60% of reported revenue.Everstake says ETH firms now need DeFi, MEV, and staking yields to stay competitive.The pressure did not stop there. Bitmine Immersion Technologies reported a separate $9.02 billion net loss for the six months ended Feb. 28, 2026, even after posting net income of $348.6 million for its fiscal 2025 year.
Sharplink reported a $734.6 million net loss on $28.1 million in revenue. Bit Digital posted an $80.3 million loss on $113.6 million in revenue. BTCS recorded a $33.4 million loss on $16.5 million in revenue.
Bohdan Opryshko, Everstake’s co-founder and CEO, said the market is rewarding deployed assets over idle balances.
