You can also read this news on COINTURK NEWS: Ethereum Dominates Corporate Reserves as Interest Soars
As corporate interest in Ethereum , the largest altcoin, rises, 69 companies have accumulated over 4.1 million ETH in their treasuries. The total value of ETH held by these companies has reached approximately $17.6 billion. The data, compiled from StrategicETHReserve, includes companies with a balance exceeding 100 ETH. Currently, the ETH held by these companies represents about 3.39% of the circulating supply.
Leading the list is BitMine Immersion Technologies, managing 1.5 million ETH valued at around $6.6 billion. BitMine notably shifted its focus from Bitcoin mining to accumulating Ethereum. In second place, SharpLink Gaming holds approximately 740,800 ETH, valued at $3.2 billion. The Ether Machine and the Ethereum Foundation follow with holdings of approximately 345,400 and 231,600 ETH, respectively.
The collective effort of these 69 companies results in a total of 4.1 million ETH. This threshold considers companies with balances of 100 ETH or more, representing a control of 3.39% of the total supply. This significant holding underscores the influential role of companies within the Ethereum ecosystem.
Meanwhile, as of August 20, the total value of Ethereum in the treasuries of publicly traded companies reached 2.6 million ETH, equivalent to approximately $10.9 billion. The accumulation of ETH in corporate balance sheets signifies the second phase of the institutional trend. This trend shows that access to Ethereum is not confined to technology-focused firms but attracts significant interest from publicly traded companies as well.
According to data from SoSoValue, spot Ethereum ETFs traded in the US hold about 6.7 million ETH, accounting for approximately 5.5% of the current supply. Cryptocurrency reserves are gaining momentum. Ethereum reserves, a focal point in the market, confirm the deepening accumulation both in corporate balance sheets and ETF structures.
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about 3 hours ago
