SharpLink has increased its Ethereum holdings by purchasing 19,271 ETH for approximately $75 million, bringing its total to nearly 860,000 ETH. This treasury, worth around $3.5 billion, positions SharpLink as a significant player in the Ethereum ecosystem.

MEI Pharma has purchased 929,548 Litecoin tokens, amounting to $100 million, making it the first U.S.-listed company to adopt Litecoin as its primary treasury asset. The company cites Litecoin's reliability, low fees, and integration into major platforms as key factors in its decision, and hints at potential expansions into Litecoin mining and other initiatives.

BitMine Immersion Technologies has increased its Ethereum holdings to 566,776 ETH, valued at over $2 billion, becoming the largest publicly traded Ethereum treasury firm. This surge follows significant investments from prominent backers like Peter Thiel and Ark Invest, fueling a competitive race among crypto treasury firms for ether accumulation.

Franklin Templeton analysts caution that the future of corporate crypto treasury strategies is uncertain due to risks of a negative feedback loop. While there are upsides like capital raising and staking opportunities, falling crypto prices could trigger a downward spiral affecting investor confidence and company valuations.