In a development that has surely sent ripples through the hallowed halls of financial institutions, the treasury holdings of Ethereum (ETH) have galloped past the 4.1 million mark, nestled comfortably within the grasp of a mere 69 entities. At current valuations, this translates to a staggering $17.5 billion-an amount that could make even the most jaded banker raise an eyebrow. This represents a rather impressive 3.39% of the total ETH supply, a figure that suggests institutional interest is not merely a passing fancy but a full-blown romance.
According to the ever-reliable StrategicETHReserve, there are indeed more than 69 entities clutching at least 100 ETH each, but the crown jewel of this motley crew is none other than BitMine Immersion Technologies. With a jaw-dropping 1.5 million ETH tucked away, valued at a cool $6.6 billion, they are the undisputed heavyweight champions of the crypto treasury world. And just to keep things interesting, they also possess a paltry 192 bitcoin (BTC)-because why not diversify, right?
BitMine, in a display of audacity that would make even the most seasoned financier blush, unveiled its ETH treasury strategy at the end of June. In a mere six weeks, they managed to amass an additional 373,100 ETH. One can only imagine the boardroom discussions that led to such a bold move-perhaps over a round of artisanal lattes?
Hot on their heels is SharpLink Gaming, the second-largest holder, boasting 740,800 ETH worth approximately $3.1 billion. Last week, they decided to spice things up by acquiring around 143,593 ETH. In a bid to further inflate their coffers, SharpLink is also planning to raise $400 million by selling shares to five illustrious global institutional investors. One can only hope they have a good PowerPoint presentation prepared.
Rounding out the top five are The Ether Machine, PulseChain Sac, and Coinbase, with holdings of 345,400 ETH, 166,300 ETH, and 136,800 ETH, respectively. It’s a veritable who’s who of crypto titans, each vying for a slice of the digital pie.
In total, public companies alone are hoarding around 2.6 million ETH, equating to about $10.9 billion in their treasuries. Meanwhile, U.S. spot Ethereum ETFs are sitting on approximately 6.7 million ETH, which is about 5.5% of the entire ETH supply. It seems that Ethereum is not just a passing trend but rather a burgeoning titan in the realm of digital assets.
Collectively, this burgeoning trend in Ethereum treasury holdings is a clear indication of its increasing institutional acceptance. One might even say it’s a sign of the times, as ETH strides confidently towards widespread recognition as a major digital asset. Who knew that a little digital currency could cause such a stir? 🍸
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2025-08-21 16:21