Ethereum continues to cement its position as a leading digital asset, with institutional and corporate treasuries now holding more than 4.1 million ETH, valued at approximately $17.6 billion. The latest figures from StrategicETHReserve highlight how organizations are increasingly adopting Ethereum as part of their long-term digital asset strategies.
Strategic ETH Reserve
Growing Institutional Holdings
The report shows that 69 entities, each with holdings of at least 100 ETH, collectively control about 3.39% of Ethereum’s circulating supply. This reflects the growing role of Ethereum treasuries in the broader digital asset landscape, as businesses and funds treat ETH as both a strategic reserve and a growth investment.
Who Holds the Most ETH?
- BitMine Immersion Technologies leads the pack, with around 1.5 million ETH, valued at roughly $6.6 billion. The company notably shifted its core focus from bitcoin mining to building one of the largest Ethereum treasuries in the market.
- SharpLink Gaming follows with 740,800 ETH worth about $3.2 billion.
- The Ether Machine maintains a treasury of 345,400 ETH.
- The Ethereum Foundation, the non-profit overseeing Ethereum’s ecosystem, holds about 231,600 ETH.
Together, these entities highlight the diversity of players—from technology firms to industry foundations—treating Ethereum as a long-term asset.
Ethereum Treasuries vs. ETFs
According to data, public companies collectively hold about 2.6 million ETH, or $10.9 billion. In parallel, U.S. spot Ethereum exchange-traded funds (ETFs) have emerged as another significant player, now holding 6.7 million ETH, which represents 5.5% of Ethereum’s total supply.
This combination of corporate treasuries and ETFs underscores Ethereum’s growing appeal across both traditional finance and crypto-native sectors.
