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Institutional interest in Ethereum is growing rapidly within the crypto ecosystem. Recent data reveals that 69 institutions hold a total of 4.1 million $ETH, worth approximately $17.6 billion. This brings their holdings to 3.39% of the total supply.
Ethereum Treasures of 69 Institutions Exceed $17 Billion
According to data shared by StrategicETHReserve, BitMine Immersion Technologies holds the largest Ethereum treasury. With approximately 1.5 million $ETH, the company's assets are worth around $6.6 billion. The company has shifted its strategy from Bitcoin mining to Ethereum accumulation.
SharpLink Gaming came in second in $ETH holdings. The company holds 740,800 $ETH, worth approximately $3.2 billion. Ether Machine follows with 345,400 $ETH, while the Ethereum Foundation holds 231,600 $ETH.
Digital asset treasuries are becoming increasingly important. Ethereum-focused investments, in particular, are seeing remarkable growth in the sector. As of Wednesday, publicly traded companies' Ethereum treasuries reached 2.6 million $ETH ($10.9 billion).
Meanwhile, spot Ethereum ETFs traded in the US hold approximately 6.7 million $ETH, equivalent to 5.5% of the total available supply and highlighting the extent of institutional interest.
*This is not investment advice.