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![0xSleuth_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1638485046289137664.png) mcSleuth [@0xSleuth_](/creator/twitter/0xSleuth_) on x 34.2K followers
Created: 2025-07-17 14:51:15 UTC

It is incredible how fast the eth treasury narrative has developed

just X days later and there are already two publicly traded companies ( $SBET and $BMNR ) with over $1B in $ETH. 

it's a race between these two, and like three or four other companies to acquire ETH

meanwhile ETH has broken out, and more importantly ETHBTC has

I think this violent run-up we had on ETH will continue and even accelerate, and ETH >5K is in the works (assuming nothing unexpected happens like Trump doing something stupid)

I've personally started taking profit on the ETH treasury companies after being up over 3X on $SBET alone, and rotated that money into buying more $ETH

I've also bought some spot $EIGEN as I think it's the most appropriate alt for the treasury narrative due to its restaking protocol as the ETH treasury companies are all about receiving an income from staking ETH

Joe Lubin is also a big fan of $EIGEN and shouted them out from all the way back in 2023. He also indicated that SBET has plans to make use of this protocol multiple times on X


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945858845370376280/c:line.svg)

**Related Topics**
[cryptocurrency](/topic/cryptocurrency)
[$btbt](/topic/$btbt)
[$eth](/topic/$eth)
[$1b](/topic/$1b)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[$sbet](/topic/$sbet)
[sharplink](/topic/sharplink)

[Post Link](https://x.com/0xSleuth_/status/1945858845370376280)