The total value of corporate Ethereum treasuries has surpassed $10 billion, reflecting the growing interest of companies in this cryptocurrency.
Overview of Corporate Ethereum Treasuries
According to Strategic ETH Reserve (SER) data, 64 companies currently hold 2.26 million ETH worth $10.58 billion. This amount represents 2.26% of the total ETH coin supply, confirming the trend of more companies actively incorporating the cryptocurrency into their balance sheets.
Top 3 Companies by Treasury Volume
The SER report includes 64 companies, including publicly traded companies, cryptocurrency exchanges, DeFi protocols, nonprofit organizations, and some federal governments. At the top is Bitmine Immersion Tech with 625,000 ETH valued at $2.2 billion. In second place is SharpLink Gaming led by Joseph Lubin, which holds 438,200 ETH worth $1.69 billion. The Ether Machine follows in third place with 334,800 ETH.
Strategies of the Largest ETH Holders
Bitmine positions ETH as a long-term reserve asset due to staking yields and access to the DeFi ecosystem. SharpLink Gaming expands its Ethereum treasury to create diversified income streams. The Ether Machine has highlighted its strategy to "hoard, stake, and support the ecosystem" with its recent purchase.
Digital asset specialists predict that corporate treasuries could own 10% of ETH’s total supply over time. However, analysts warn about liquidity and smart contract risks associated with staking models.
