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Corporate treasuries holding Ether have increased their positions significantly over the past month, driving total institutional ETH holdings to 3.04 million ETH, worth more than $13 billion at current prices.
On Monday, Ether climbed to $4,332, according to CoinGecko, marking a 20.4% increase over the past seven days.
By press time, ETH had eased slightly to $4,290, but remained near its highest level since December 2021.
Data shows that companies have been steadily adding to their ETH reserves over the past 30 days, helping fuel the rally.
<h2 class="wp-block-heading" id="strong-bitmine-leads-institutional-buyers-strong">BitMine Leads Institutional Buyers</h2>
<a href="https://finance.yahoo.com/quote/BMNR/" rel="noopener noreferrer nofollow">BitMine Immersion Technologies</a> remains the largest ETH treasury holder, boosting its stash to 833,100 ETH in the past month.
That represents a 410.68% increase in its holdings, making it the first corporate entity to own more than $3 billion worth of Ether.
Last Monday, BitMine purchased 208,137 ETH, bringing its total to 833,100 ETH.
At the time of purchase, the holdings were valued at around $2.9 billion, when ETH traded near $3,700.
With ETH now near $4,300, BitMine’s reserves are worth more than $3.58 billion.
<h2 class="wp-block-heading" id="strong-sharplink-and-ether-machine-expand-positions-strong">SharpLink and Ether Machine Expand Positions</h2>
Digital asset investment firm SharpLink Gaming has also been aggressive in its ETH accumulation.
The company bought 83,562 ETH last Tuesday, pushing its total to 521,900 ETH — a 141.69% increase in the past month.
At the time of purchase, SharpLink’s ETH was valued at roughly $1.91 billion.
Today, its holdings exceed $2.23 billion, with $671 million in unrealized gains, according to data from the Strategic ETH Reserve (SER).
The third-largest holder, The Ether Machine, made two notable acquisitions in early August.
On August 3 — coinciding with Ethereum’s 10th anniversary — it bought 15,000 ETH.
It followed with another 10,600 ETH purchase on Sunday, bringing its total to 345,362 ETH, valued at almost $1.5 billion.
<h2 class="wp-block-heading" id="strong-top-10-firms-control-majority-of-corporate-eth-strong">Top 10 Firms Control Majority of Corporate ETH</h2>
The combined holdings of the top 10 ETH treasury entities amount to 2.63 million ETH, or about 2.63% of Ether’s total supply.
This group’s collective reserves are now worth more than $11.3 billion.
Three companies — BitMine, SharpLink, and The Ether Machine — hold more than half of that amount.
<h2 class="wp-block-heading" id="strong-smaller-purchases-add-to-market-momentum-strong">Smaller Purchases Add to Market Momentum</h2>
While the largest treasuries dominate the market, smaller acquisitions also contributed to the surge.
On Friday, Hong Kong-listed IVD Medical disclosed that it purchased HK$149 million (about $19 million) worth of ETH via the HashKey exchange.
The exact number of ETH acquired was not revealed.
<h2 class="wp-block-heading" id="strong-institutional-confidence-in-eth-growing-strong">Institutional Confidence in ETH Growing</h2>
Overall, 64 companies tracked by SER now hold ETH in their treasuries.
Their combined 3.04 million ETH position reflects growing institutional confidence in Ethereum’s long-term prospects.
The latest buying spree coincides with ETH breaking above the $4,300 level for the first time in over three years, reinforcing Ethereum’s position as the second-largest cryptocurrency by market capitalization.
The post <a href="https://londoninsider.co.uk/corporate-ether-holdings-surge-to-13-billion-as-price-breaches-4300/" rel="noopener noreferrer nofollow">Corporate Ether Holdings Surge to $13 Billion as Price Breaches $4,300</a> appeared first on <a href="https://londoninsider.co.uk" rel="noopener noreferrer nofollow">London Insider</a>.

Corporate Ether Holdings Surge to $13 Billion as Price Breaches $4,300

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