Since last year, and the accent of this 2025 grew, companies cited in the stock market and private organizations have adopted cryptocurrency beyond Bitcoin (BTC) in their balance sheets. We talked about Ether (ETH), XRP, BNB and other digital assets. These are already seen in corporate treasures.
This phenomenon raises questions about which assets actually meet institutional requirements. For financial analyst Prathik Desai, the rise of cryptocurrency treasures is now in the natural selection stage. There are only assets that can provide both true value, as verifiable economic utility survive.
MicroStrategy -Now Strategy -I opened the way with Bitcoin five years ago, 160 companies cited in the stock market follow the example. The companies total 950,952 BTC, over $1120 million, accounting for 4.52% of total assets supply, according to data from BitCintreasuries.
However, both ETH and Solana (SOL) were able to acquire positions in the Ministry of Corporate Treasury, in part due to their ability to produce performance through their works.
For example, Sharplink and Bitmine companies will follow up on the 2.5 million holdings of Coporate Hands, which has accumulated over 1 million ETH for value over $40 million and has established 2.5 million holdings of the cryptocurrency, according to data from the Strategic ETH Reserve Portal.
In the case of SOL, companies such as SOL Strategies, Defi Development Corp, and Upexi Control control on accounting for around $3.3 million account for around $600 million.
In general, the institutional logic behind these decisions to cherish cryptocurrency; Develops focus on constant performance, solid infrastructure and financial support of these digital assets.
Now, DESI analysts argue they are looking for cryptocurrencies that allow corporate finance personnel to not only raise prices but also generate sustainable income. To do this, you must meet three criteria: performance, concrete economic usefulness, and the possibility of operational depth to promote its large-scale adoption.
Do they deserve to be in the Ministry of Corporate Treasury?
Previous analysis raises important questions. Do other cryptocurrencies, such as BNB, SUI, XRP, etc., deserve to belong to the Ministry of Corporate Finance? The simple answer is: That depends on what they offer to the company.
For BNB, Binance Cryptocurrency, its metrics used are worth noting. It has 2.5 million active addresses per day, generating more than $7.5 billion daily on decentralized exchanges (DEXs). Additionally, it supports a market capitalization of $110 million, and normally encourages institutional investors.
Meanwhile, SUI is a recent network focused on developing tools for gaming and programming. Despite his youth, the evolution of metrics as a total lock value (TVL) and Dex volume is notable. Its capital/TVL ratio is 6.21, lower than the Solana ratio and closer to the Ethereum ratio, indicating a greater proportionality between market value and negative use. This has attracted the attention of institutional investors who assess their long-term potential.
XRP raises another type of case. Unlike BNB or SUI, it is not directed towards the staking or defli ecosystem, but towards processing payments. The proposal is based on the clarity of regulations and its use in international transfers. Don’t forget that Ripple Labs, a cryptocurrency issuer, has received a legal victory that opens up the possibility that ETFs will be issued under XRP, bringing attention to the institutional fauna of the market.
Still, there are limits to assets. Daily transactions exceed 1 million, but the network charges insignificant rates (0.00001 XRP per transaction) and does not allow staking. Its capital exceeds $185 million. However, this number contrasts with actual low economic activity.Emphasises the analyst’s desai.
Experts warn that these imbalances could block the most conservative treasures. For XRP, a monthly experienced 40% price increase occurred without proportional growth in active users or tariff revenue. For desai, This creates uncertainty about the specific utility of a company for its finances.
However, from an institutional perspective, the adoption of cryptoactive corresponds to a search for risk-adjusted yields, not just a technical narrative. Ethereum offers staking yields of around 4%, while Solana offers 6% to 7%.
Desai, who says that BNB and SUI are trying to replicate this model, is already gaining millions of companies like upexi each year for sedating sunlight. But the analyst warns, These assets still do not have the necessary supplementary infrastructureas a staking supplier and liquid staking platform that enables corporate fluid integration.
This involves additional regulatory developments. Cryptocurrency ETFs such as BNB, XRP, and SUI are currently being reviewed in the US. The precedent of Ethereum ETFs, which had a warm initial reception, raises doubts about real demand. But if they can include 3D rewards, the appeals could be significantly increased for retail investors and institutional managers, Desai said.
This coincides with Emj Capital of Emj Capital, the EMJ Capital, which believes that Ethereum Network’s cryptocurrency, which is to acquire ETH ETF, will rise to USD 10,000 in the short term.
trial and error
Under the current situation, the market appears to be in the test and error stage. Cryptocurrencies with solid foundations and concrete activities can be consolidated on corporate balances. Others may disappear in the next correction cycle. It is important to note that historically most altcoins depreciate in front of Bitcoin over time. It also leads to asking if it is worth betting on an alternative to what the market is already considering “digital gold.”
As Desai points out, “The important conclusion is to read what institutional interest really means. It’s not always a support for quality. Sometimes it’s just an experiment of fluidity.”
Time and financial results determine whether diversification of the Ministry of Finance beyond BTC and ETH was a success or temporary fashion for strategic decisions.
What is safe is that Desai concludes is that the financial scenarios of a company have already changed and there are cryptocurrencies. “The next cohort is already here and we’re busy competing for seats, climbing and competing at the facility table,” he said.
