The latest research from Animoca outlines why firms are adding altcoins like ETH and SOL to treasuries amid a Bitcoin-led trend.
A growing number of public companies are acquiring altcoins such as ether (ETH), Solana’s SOL (SOL), and XRP (XRP) as part of a broader treasury strategy modeled after high-profile Bitcoin acquisitions, according to a new report from Animoca Brands Research.
Titled “Altcoin Strategic Reserves,” the report explains how companies use financial engineering tools—such as convertible debt and equity issuance—to gain exposure to cryptocurrencies, often aiming to hold more crypto per share over time.
Companies like MicroStrategy popularized this playbook. MicroStrategy holds over 600,000 Bitcoin ($118,578.14) and frames BTC as a hedge against inflation and currency debasement.
Now, altcoins are entering the picture. Firms adding assets like BNB, TRX, HYPE, and FET to their balance sheets are positioning themselves as rare points of access for investors who want exposure to these tokens but lack easy on-ramps like spot ETFs.
The stock market reacted. Animoca reports that companies announcing altcoin holdings saw their average share prices jump 150% in a day, 185% in a week, and 226% in a month. However, these strategies are risky. Altcoins are often more unpredictable, harder to sell quickly, and newer in technology than Bitcoin, which could make losses bigger when the market drops.
Still, if users employ tokens in staking or other network-based functions, the report suggests this could enhance liquidity, security, and legitimacy across their ecosystems—making altcoin treasuries a potential accelerant for broader crypto adoption.
