As it celebrates its decade, Ethereum stands as a symbol of institutional confidence, evidenced by the growth of corporate holdings to over $10 billion.
Growth of Corporate ETH Holdings
According to StrategicETHReserve, 64 companies currently hold approximately 2.73 million ETH valued at about $10.58 billion. This represents 2.26% of Ethereum’s total supply.
Top Corporate ETH Holders
The top corporate holders include Bitmine Immersion Technologies, SharpLink Gaming, and The Ether Machine. The latter recently marked Ethereum’s anniversary by purchasing 15,000 ETH for $56.9 million, pushing its total holdings to 334,757 ETH, surpassing the Ethereum Foundation.
Future ETH Purchases and Institutional Investor Activity
The Ether Machine plans to make additional ETH purchases from remaining cash proceeds. Up to $407 million has been earmarked for future acquisitions. Institutional investors continue to increase their stakes in Ethereum ETFs, as evidenced by recent data showing $5.8 million added to fund reserves.
The landscape surrounding corporate ETH holdings and institutional investor interest underscores growing confidence in the future of this cryptocurrency.
