In brief
- Publicly traded companies are now racing to accumulate Ethereum.
- Firms with strategic ETH reserves now account for more than 4% of the entire ETH supply.
- The top holders include BitMine Immersion Technologies, SharpLink Gaming, and Coinbase.
The trend of publicly traded companies adopting crypto treasury strategies may have started with Bitcoin, but it has since expanded to a wide variety of digital assets—including the second-largest crypto asset by market cap, Ethereum.
Now the race to accumulate ETH is on, led by key figures like Fundstrat’s Tom Lee and Ethereum co-founder Joe Lubin, who are championing public firms as they rally around Ethereum and its future.
Per StrategicETHReserve.xyz, public entities with Ethereum treasuries maintain more than 5.25 million ETH valued at more than $20.9 billion, as of this writing, and more than 4.3% of the entire supply. These are the biggest holders as of this writing.
