Treasury holdings of Ethereum have reached over 4.1 million ETH, worth about $17.5 billion, according to data from StrategicETHReserve. In total, 69 entities hold reserves exceeding 100 ETH, accounting for nearly 3.4% of the total ETH supply.
BitMine Immersion Technologies is the largest holder with 1.5 million ETH worth $6.6 billion. SharpLink Gaming follows with 740,800 ETH valued at $3.1 billion, after recently adding 143,593 ETH. Other top entities include The Ether Machine with 345,400 ETH, PulseChain Sac with 166,300 ETH, and Coinbase with 136,800 ETH.
Public companies alone hold 2.6 million ETH, valued at $10.9 billion, while U.S. spot Ethereum ETFs collectively own around 6.7 million ETH, or 5.5% of supply. BitMine also holds 192 BTC, ranking as the world’s second-largest crypto treasury after Strategy Inc.
The rapid accumulation by corporations and ETFs highlights Ethereum’s growing recognition as a core digital asset for institutional strategies, reinforcing its status alongside Bitcoin as a treasury reserve currency.
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