Ethereum's rise in the corporate world continues unabated. Ethereum reserves held by public companies, treasuries, DAOs, foundations, and long-term investors have officially surpassed $10 billion. This represents a 50-fold increase in just four months.
In April, it was $200 million, and by July, it surpassed $10 billion
According to Strategic Ethereum Reserve data, the reserve, which initially held just $200 million in ETH at the beginning of April, reached $3 billion by the end of June and $10.5 billion by the end of July. This increase was particularly driven by the adoption of Ethereum as a strategic asset by public companies. For example, BitMine Immersion Technologies increased its Ethereum reserve to 625,000 ETH, the value of these assets reaching approximately $2.35 billion. The company aims to own 5% of the entire ETH supply in the long term. Similarly, SharpLink currently holds approximately 438,200 ETH, worth $1.69 billion. The company's current unrealized profit from its Ethereum holdings has exceeded $400 million. According to the data, companies holding at least 100 ETH in their treasuries are as follows:
- 1. Bitmine Immersion Tech
- 2. SharpLink Gaming
- 3. The Ether Machine
- 4. Ethereum Foundation
- 5. PulseChain Sac
- 6. Coinbase
- 7. Bit Digital
- 8. Mantle
- 9. Golem Foundation
- 10. BTCS Inc.
- 11. Gnosis DAO
- 12. U.S. Government
- 13. Lido DAO
- 14. Ethereum Name Service
- 15. Frax Finance
- 16. Arbitrum DAO
- 17. Status
- 18. Optimism Foundation
- 19. Zentry
- 20. Request Network
- 21. GameSquare Holdings
- 22. ETH Strategy
- 23. Onchain Foundation
- 24. Intchains Group
- 25. Aave DAO
- 26. KR1 plc
- 27. Kleros
- 28. State of Michigan
- 29. Nouns
- 30. BrainDAO
- 31. Gitcoin
- 32. Axie Infinity
- 33. Renzo Protocol
- 34. Exodus
- 35. Fluid
- 36. Api3 DAO
- 37. Sandclock
- 38. BTC Digital Ltd
- 39. UNCX Network
- 40. Aavegotchi DAO
- 41. Cartesi Foundation
- 42. kpk
- 43. Ready
- 44. Ronin Network
- 45. Harbinger Digital
- 46. Obol
- 47. SporkDAO
- 48. Blockscape
- 49. Botto
- 50. RealmsDAO
- 51. Bankless
- 52. Abstract
- 53. Royal Government of Bhutan
- 54. StarHeroes
- 55. Balancer
- 56. Katana Foundation
- 57. Ekubo Protocol
- 58. Freysa
- 59. The DeFi Collective
- 60. DeFiGeek Community
- 61. After School Club
- 62. MetaLeX Labs
- 63. Centaurus Energy Inc.
- 64. Coinage Media
New Major Player: The Ether Machine
The Ether Machine announced that it purchased 15,000 ETH to celebrate Ethereum's 10th anniversary, bringing its total reserves to 334,757 ETH. This amount exceeds the Ethereum Foundation's reserves. The company plans to go public on Nasdaq under the symbol ETHM in the last quarter of the year. It aims to raise a total of $1.6 billion.
The Ether Machine co-founder Andrew Keys emphasized that Ethereum serves as a backbone for the new digital economy, stating that their mission to accumulate and support ETH is far greater than financial gain.
Startups Also in the Race
The race to accumulate Ethereum isn't limited to large companies. BTCS Inc. announced its preparations for a $2 billion new ETH acquisition by filing with the U.S. Securities and Exchange Commission (SEC). Meanwhile, 180 Life Sciences (ATNF) is seeking funding to establish a $425 million ETH treasury and plans to change its name to "ETHZilla Corporation." Even the gaming industry is opening Ethereum reserves. The multiplayer blockchain-based game StarHeroes announced a reserve of 410 ETH. It was stated that this initiative is not limited to accumulating ETH but also aims to increase the utility and long-term value of the $STAR token. According to Standard Chartered analysts, corporate treasuries could hold 10% of the Ethereum supply in the future.
