The total amount of Ether held by corporate entities with dedicated crypto treasuries has officially surpassed 3.04 million ETH, a massive accumulation now valued at approximately $13 billion. This milestone coincides with a powerful market rally that has recently pushed the price of the world’s leading smart-contract cryptocurrency above the $4,300 threshold.
According to market data from CoinGecko, Ether (ETH) climbed as high as $4,332 on Monday, logging an impressive 20.4% surge over the preceding seven-day period. While the asset experienced minor intraday fluctuations, trading slightly lower around $4,290 at the time of writing, the broader upward trajectory has been heavily catalyzed by aggressive institutional accumulation. Over the past 30 days, major corporate players have steadily increased their digital asset reserves, significantly tightening circulating supplies and injecting renewed confidence into the broader decentralized finance ecosystem.
Leading the charge in corporate Ether accumulation is BitMine Immersion Technologies. The firm currently tops the global list of corporate ETH treasury holders after aggressively boosting its reserves to an astonishing 833,100 ETH. This figure represents a staggering 410.68% increase in the amount of Ether held by the company over the past 30 days alone.
Close behind is digital asset investment firm SharpLink Gaming, which holds 521,900 ETH following a dramatic 141.69% expansion of its corporate treasury over the same timeframe. Meanwhile, institutional player The Ether Machine has continued to steadily grow its own digital asset stack, increasing its holdings by 8.01% to reach a total of 345,400 ETH.
Together, these three dominant entities account for more than half of the total Ether held by the top 10 corporate treasury companies. Across the entire top 10 group, cumulative holdings have reached approximately 2.63 million ETH, representing roughly 2.63% of the asset’s total circulating supply.
Top 10 ETH Treasury Entities Hold Over $11.3 Billion
The rapid price appreciation witnessed throughout the week has dramatically elevated the book value of these corporate portfolios. Last Monday, BitMine made headlines when it purchased an additional 208,137 ETH, bringing its total stack to 833,100 ETH. At the time of that transaction, when Ether was hovering around the $3,700 mark, those assets were valued at approximately $2.9 billion.
With market prices now surging past $4,300, BitMine’s massive treasury is valued at over $3.58 billion, making it the first known corporate entity to hold more than $3 billion worth of Ether on its balance sheet.
A similar trajectory has played out at SharpLink Gaming. On Tuesday, the firm boosted its holdings to 521,900 ETH following a substantial purchase of 83,562 ETH. When the transaction was initially executed, SharpLink’s total holdings were valued at roughly $1.91 billion. Following the subsequent market surge past $4,300, the company’s Ether treasury is now worth more than $2.23 billion.
According to data compiled by the specialized ETH treasury tracking platform Strategic ETH Reserve (SER), SharpLink Gaming currently sits on over $671 million in unrealized gains from its strategic cryptocurrency investments.
Corporate accumulation has continued at a brisk pace across other major players as well. On August 3, coinciding precisely with the milestone 10th anniversary of the Ethereum network, The Ether Machine executed a purchase of 15,000 ETH. Supplementary data from Strategic ETH Reserve indicates that the company added another 10,600 ETH to its treasury shortly after. The firm now holds a total of 345,362 ETH, valued at nearly $1.5 billion, cementing its secure position among the top three corporate holders worldwide.
Beyond these multi-billion-dollar giants, smaller corporate allocations have also contributed to the week’s robust buying pressure. On Friday, the HashKey exchange publicly announced that IVD Medical, a firm listed in Hong Kong, successfully acquired HK$149 million—equivalent to approximately $19 million—in Ether directly through the trading platform. While the exact quantity of ETH acquired in that specific transaction was not publicly disclosed, the move underscores a broader global trend of institutional adoption outside of North American markets.
Aggregating all reported data, the Strategic ETH Reserve tracker indicates that across 64 distinct treasury companies currently maintaining exposure to the asset, corporate balance sheets hold a combined total of 3.04 million ETH. At current market valuations, this institutional reserve is worth in excess of $13 billion, highlighting a profound structural shift in how major enterprises choose to manage their liquid corporate reserves in an evolving macroeconomic landscape.
