Key Takeaways
- •The Ethereum treasury has now exceeded 6 million ETH, with a current valuation of approximately $24.87 billion.
- •BitMine Immersion holds a substantial 3.31 million ETH, actively pursuing control over 5% of the circulating supply.
- •In Q3 2025, Ethereum ETFs experienced inflows totaling $10.04 billion, outperforming Bitcoin ETFs.
Ethereum Treasury Milestones
The Ethereum treasury has recently surpassed the significant milestone of 6 million ETH, a holding currently valued at approximately $24.87 billion. This achievement underscores the growing engagement from both institutional investors and the decentralized finance (DeFi) sector, bolstered by current on-chain activity and movements.
The Ethereum Foundation, a pivotal entity in these developments, has been actively implementing strategic financial decisions. Notably, it recently transferred over 160,000 ETH to a new multisig wallet, signaling a deliberate adjustment in its treasury management approach. This organizational restructuring highlights the foundation's ongoing commitment to strengthening its position and influence within the broader blockchain ecosystem.
Prominent Corporate Ethereum Holders and Their Strategies
Among the leading corporate entities holding significant amounts of ETH are BitMine Immersion, SharpLink Gaming, and The Ether Machine. BitMine Immersion, in particular, holds 3.31 million ETH, positioning it as a major player in the market.
A recent statement from BitMine Management detailed their strategic objectives: "Our treasury balance has reached 3.31 million ETH, advancing our objective to control over 5% of the circulating supply". This declaration clearly outlines the company's sustained strategy to accumulate substantial reserves of Ethereum.
Growing Institutional Interest and ETF Developments
During the third quarter of 2025, net inflows into spot ETH ETFs reached an impressive $10.04 billion, a figure that significantly surpassed the inflows recorded for spot BTC ETFs. This trend clearly demonstrates a burgeoning institutional appetite for Ethereum as a strategic asset for diversifying investment portfolios and executing sophisticated investment strategies.
Leading financial institutions such as BlackRock, Fidelity, and Grayscale are instrumental in these developments, spearheading the ETF inflows. Their active participation serves as further validation of Ethereum's growing stature as a credible institutional-grade asset, as detailed in the Ethereum Q3 2025 Financial Report and Activity Overview.
Impact of Treasury and DeFi on On-Chain Metrics
According to the most recent data available, Ethereum ETF reserves currently amount to 6.78 million ETH, which constitutes 5.6% of Ethereum's total circulating supply. Concurrently, with net staking yields consistently hovering around 3.6% APR, on-chain metrics are indicating a discernible upward trend in staking flows.
The recent reallocation of the Ethereum Foundation's ETH reserves into a multisig wallet could potentially contribute to an increase in the Total Value Locked (TVL) within various DeFi platforms, including prominent ones like Morpho and Aave. These strategic maneuvers are anticipated to exert a positive influence on liquidity dynamics and staking trends across a wide spectrum of Ethereum-based protocols.