In recent years, there has been a growing interest in Ethereum (ETH) from companies and institutional investors. Currently, 65 companies hold 2.73 million ETH on their balance sheets.
Overall Ethereum Reserves of Companies
The total value of Ethereum on company balance sheets reached $10.53 billion. Strategic ETH Reserve reports that currently 2.26% of the total ETH supply is held by large companies.
Leaders Among Ether Holders
The largest holder of Ethereum is Bitmine Immersion Tech with 625,000 ETH valued at $2.41 billion. SharpLink is second with 449,276 ETH, followed by The Ether Machine with 334,757 ETH. The latter company has the lowest MNAV ratio among the leaders, which may signal risks for investors.
Prospects and Risks for Companies with Ethereum Reserves
Experts emphasize that companies using Ethereum as a reserve must carefully manage their assets to avoid financial risks related to short- and long-term debt. An important aspect is also the potential launch of Ethereum ETFs with staking functionality, which could significantly alter the market landscape.
Thus, the growth of Ethereum reserves among companies and interest from institutional investors highlight the significance of this cryptocurrency in the financial market. However, potential risks of management and market volatility remain relevant.
