Recent data indicates a significant increase in institutional interest in Ethereum, with 69 institutions now holding 4.1 million ETH worth approximately $17.6 billion.
Overview of Institutional Ethereum Holdings
According to data from StrategicETHReserve, 69 institutions hold a total of 4.1 million ETH, which represents 3.39% of the total supply of the cryptocurrency.
Major Institutional Holders of Ethereum
BitMine Immersion Technologies holds the largest Ethereum treasury with approximately 1.5 million ETH worth around $6.6 billion. SharpLink Gaming follows with 740,800 ETH valued at $3.2 billion. Ether Machine holds 345,400 ETH, while the Ethereum Foundation has 231,600 ETH.
Increase in Institutional Investments in Ethereum
Institutional digital asset treasuries are becoming increasingly significant. In particular, Ethereum-focused investments are experiencing remarkable growth. Currently, publicly traded company Ethereum treasuries have reached 2.6 million ETH ($10.9 billion), and spot Ethereum ETFs traded in the US hold roughly 6.7 million ETH, equivalent to 5.5% of the total available supply.
The growing institutional interest in Ethereum underscores the increasing significance of digital assets in the financial sector. The participation of major companies and funds in this market could lead to further increases in interest and investments.
