In recent weeks, the volume of Ether held by corporate treasuries has significantly increased, reaching 3.04 million ETH, equivalent to $13 billion. This comes amid a rise in cryptocurrency prices.
Prices and Ether Holdings
On Monday, Ether (ETH) surged to $4,332, increasing by 20.4% over the last seven days, according to CoinGecko. At the time of writing, ETH has slightly dropped to $4,290.
Major Ether Holders
BitMine Immersion Technologies leads the ETH holdings with 833,100 ETH, reflecting a 410.68% increase over the last 30 days. SharpLink Gaming follows with 521,900 ETH, a 141.69% increase, while The Ether Machine raised its holdings by 8.01% to 345,400 ETH. These three entities account for over half of the ETH held by the top ten treasury firms.
Treasury Trends and New Purchases
According to the Strategic ETH Reserve Tracker, the ETH price surge has significantly increased the value of corporate treasuries. Last Monday, BitMine purchased 208,137 ETH, bringing its total to 833,100 ETH, valued at about $2.9 billion. With current prices, BitMine's assets are now worth over $3.58 billion. SharpLink Gaming also boosted its holdings, purchasing 83,562 ETH valued at $1.91 billion, which is now worth over $2.23 billion. Several smaller companies also made purchases totaling around $19 million in ETH.
The total Ether held by corporate treasuries has reached 3.04 million ETH, indicating growing interest in the cryptocurrency. The combined value of corporate treasuries amounts to an impressive $13 billion.
