ETH-accumulating firms increasingly rely on staking revenue

Companies that have adopted an ETH accumulation strategy (DAT) are becoming more dependent on staking revenue, according to a report by Everstake. The trend comes as the competitiveness of simply holding ETH weakens with the advent of spot ETFs. Cointelegraph, citing the report, noted that for six ETH-accumulating firms that separately disclosed staking income, such revenue accounted for an average of 60% of their total disclosed sales. In contrast, the total net loss for companies that recorded deficits amounted to approximately $1.41 billion. Everstake explained that with spot ETFs offering investors easier access to ETH price exposure, it has become more crucial for these firms to secure additional revenue models, including staking, DeFi lending, and MEV strategies.