Ethereum Treasuries Top 4.1 Million ETH as Entities Accumulate Nearly $20 Billion

Large Institutional Holdings Highlight Growing Role of Ethereum in Digital Asset Treasuries

Ethereum treasuries across 69 entities have surpassed 4.1 million ETH, valued at approximately $19.97 billion after the token reached a fresh all-time high on August 23. The holdings represent around 3.39% of Ethereum’s circulating supply, underscoring the growing role of ETH in digital asset treasuries as more organizations move to accumulate positions.

Data compiled by StrategicETHReserve shows that the collective holdings cover entities with more than 100 ETH each, highlighting the increasing institutional weight in the coin market cap of Ethereum. 

Among these, BitMine Immersion Technologies leads by a wide margin, holding roughly 1.5 million ETH valued at $7.42 billion. The company, once primarily focused on bitcoin mining, has shifted its strategy toward ether accumulation, cementing itself as the largest corporate holder.

SharpLink Gaming follows as the second-largest ETH holder, with around 740,800 ETH worth about $3.61 billion, while the Ether Machine maintains 345,400 ETH in its treasury. The Ethereum Foundation itself holds about 231,600 ETH, reinforcing its position as one of the key entities supporting the ecosystem. Public companies alone account for 2.6 million ETH, equivalent to $12.7 billion, indicating that listed firms are playing a significant role in expanding Ethereum’s presence across digital asset treasuries.

Meanwhile, U.S. spot Ethereum exchange-traded funds have further strengthened ETH’s institutional profile, collectively holding around 6.42 million ETH. That figure represents approximately 5.31% of the current supply and adds another layer of structured investment exposure for the asset. Combined with growing interest in the crypto price index and broader crypto price movements, these metrics signal Ethereum’s rising prominence as both a treasury reserve asset and a cornerstone of institutional digital finance strategies.

This article has been refined and enhanced by ChatGPT.