Key Takeaways

Publicly listed firms are increasingly stockpiling Ethereum, with over 3.7 million ETH held as reserve assets, fueling both crypto and equity market gains. Strong ETF inflows and institutional adoption may be positioning Ethereum as the leading choice over Bitcoin.

Ethereum [ETH]’s evolution from a developer hub to a global financial powerhouse is gaining new momentum as institutions embrace it like never before.

A growing wave of publicly listed companies, often referred to as Ethereum Treasury Firms, are stockpiling ETH. Not just as a speculative play, but as a core reserve asset, a yield engine, and a buffer against economic turbulence.

Collectively holding more than 3.7 million ETH, close to 3% of the token’s total supply, these firms are evidence that the conversation around the altcoin has changed.

The real question now isn’t if Ethereum will shape the future, but how quickly it will take the lead.

Firms’ Ethereum treasury surges

The growing role of Ethereum in corporate treasuries was highlighted this week by major disclosures from publicly listed firms.

BitMine Immersion Technologies (BMNR) revealed that its combined crypto and cash reserves now exceed $8.82 billion – Solidifying its position among the largest Ethereum holders in the corporate world. As of 24 August, the firm’s portfolio included 1,713,899 ETH, valued at $4,808 per token, alongside 192 BTC and an additional $562 million in cash.

SharpLink Gaming (SBET), another heavyweight in Ethereum accumulation, shared updates on its ETH acquisitions between 18 and 24

Go to Source to See Full Article
Author: Ishika Kumari

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details