cointelegraph.com
The total Ether held by companies with crypto treasuries has risen to 3.04 million $ETH, worth $13 billion, as the cryptocurrency’s price surged past $4,300.
On Monday, Ether ($ETH) climbed to $4,332, surging by 20.4% in the last seven days, according to CoinGecko. At the time of writing, $ETH has slightly dropped, sitting at $4,290. The $ETH rally is fueled by companies increasing their holdings in the last 30 days.
BitMine Immersion Technologies, which tops the list of $ETH treasury holders, boosted its holdings to 833,100 $ETH, a 410.68% jump in the amount of $ETH it holds over the past 30 days.
SharpLink Gaming follows with 521,900 $ETH after boosting its treasury by 141.69% in the same time period, while The Ether Machine has grown its stack by 8.01% to 345,400 $ETH.
These three entities account for more than half ot the $ETH held by the top 10 $ETH treasury firms.
In addition, the top 10 $ETH treasury companies hold a combined 2.63 million $ETH, about 2.63% of the asset’s total supply.
Top 10 $ETH treasury entities hold over $11.3 billion
The week’s price surge pushed the value of corporate $ETH holdings sharply higher.
Last Monday, BitMine bought 208,137 $ETH, putting its holdings at 833,100 $ETH. At the time, the assets were worth about $2.9 billion as $ETH hovered around $3,700.
With $ETH trading at around $4,300, BitMine’s holdings are now worth over $3.58 billion, making it the first company to hold more than $3 billion in $ETH.
Last Tuesday, digital asset investment firm SharpLink boosted its holdings to 521,900 $ETH after an 83,562 $ETH purchase.
At the time, SharpLink’s holdings were worth about $1.91 billion. However, with $ETH’s prices surging past $4,300, the company’s $ETH is now worth over $2.23 billion.
$ETH treasury data tracker Strategic $ETH Reserve (SER) shows that SharpLink Gaming has over $671 million in unrealized gains from its Ether investments.
Related: ‘Mysterious institution’ buys almost $1B worth of Ether in week
On Aug. 3, The Ether Machine bought 15,000 $ETH, coinciding with Ethereum’s 10th anniversary. According to SER data, it added another 10,600 $ETH into its treasury on Sunday. It now holds 345,362 $ETH worth nearly $1.5 billion, keeping it in the top three by holdings.
Apart from the top companies, smaller purchases were also made last week. On Friday, the HashKey exchange announced that Hong Kong-listed IVD Medical purchased HK$149 million (about $19 million) in $ETH from the trading platform. However, the actual $ETH amount was not disclosed.
Overall, SER data shows that 64 treasury companies that hold $ETH have a total of 3.04 million $ETH, worth over $13 billion at current market prices.
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