Institutional interest in Ethereum is intensifying, with corporate investors actively increasing their holdings.
Summary
- Companies holding Ethereum treasury now possess over 4.1 million ETH, valued at nearly $17.6 billion at current rates.
- Leading the way are BitMine Immersion and SharpLink Gaming, with $6.6 billion and $3.2 billion in ETH, respectively.
- ETH is trading near $4,200, down from earlier August highs exceeding $4,700.
Recent data from StrategicETHReserve indicates that corporate treasuries now hold more than 4.1 million ETH, worth around $17.6 billion. This represents approximately 3.4% of the total ETH supply, distributed among 69 entities.
The largest holder is BitMine Immersion, which has been rapidly acquiring ETH since it launched its dedicated treasury strategy in July. This Nevada-based company has increased its holdings from just $500 million worth of ETH to 1.52 million ETH, valued at $6.6 billion, as previously reported by crypto.news.
BitMine aims to eventually control 5% of the total ETH supply, motivated by its belief in the asset’s long-term value.
In second place is SharpLink Gaming, which holds about 741,000 ETH, equating to $3.2 billion at current prices. This Nasdaq-listed firm started its acquisitions in June and was among the first ETH treasury companies.
SharpLink Co-CEO Joseph Chalom shared with crypto.news that Ethereum is seen as the “trustware of global finance,” positioning the company as a prominent corporate player. CEO Joseph Lubin has reinforced the company’s commitment to becoming the largest public ETH holder, aiming to surpass its competitors.
Other notable holders include The Ether Machine with around $1.49 billion in ETH, and the Ethereum Foundation with $996 million, while the remaining 65 entities maintain smaller holdings.
Could Ethereum price rebound due to treasury growth?
Currently trading at just over $4,286, ETH has been on a downward trend for the past week. After surging above $4,700 earlier this month, the second-largest cryptocurrency has lost a significant portion of its gains, down approximately 10% over the week.
Analysts believe the ongoing accumulation by corporate investors may trigger the next price rally, reminiscent of Bitcoin (BTC)’s rise due to growing institutional interest.
Additionally, exchange-traded funds are reflecting a similar pattern. Collectively, ETF holdings represent around 5% of the circulating supply, valued at more than $25 billion, indicating escalating demand from this sector and bolstering ETH’s long-term forecast.
This influx of demand is anticipated to support and potentially elevate ETH’s price. Standard Chartered predicts ETH could reach $7,500 by year-end, $12,000 by late 2026, $18,000 in 2027, and $25,000 by 2028–29.
With significant long-term accumulation targets set by firms like BitMine and SharpLink, Ethereum seems poised for a positive trajectory. Yet, for the moment, prices are stable, and the effect of this influx of treasury and ETF funds on short-term price movement remains uncertain.
