A growing number of companies are integrating Ethereum (ETH) into their balance sheets, signaling a shift in corporate treasury strategy beyond Bitcoin.
According to data from SER, 64 entities now hold over 100 ETH each, collectively managing $10.58 billion worth of ether. This represents roughly 2.26% of Ethereum’s total supply.
The figure includes a diverse mix of public companies, crypto exchanges, DeFi protocols, nonprofits, and even federal governments. Leading the pack is Bitmine Immersion Tech, which holds 625,000 ETH (valued at $2.42 billion) after pivoting from Bitcoin mining to Ethereum accumulation. Its chairman, Tom Lee, previously stated the firm aims to own and stake 5% of the total ETH supply.
Simultaneously, U.S. spot Ethereum ETFs have matched their previous record inflow streak of 19 consecutive days, bringing in a total of $5.38 billion since July 3. This current run vastly outpaces the earlier streak between May 16 and June 12, which saw just $1.37 billion in inflows.
Visa Settles $200M in Stablecoin Transactions, Eyes Long-term Potential
However, momentum may be cooling. On Wednesday, net inflows dropped to $5.8 million, the lowest during the current streak. BlackRock’s ETHA led with $20.3 million in new inflows, followed by Grayscale’s ETHE with $7.8 million. Fidelity’s FETH, however, saw $22.3 million in net outflows, with other ETFs reporting flat flow activity.
Whether ETH ETFs can break the inflow record on Thursday remains uncertain, but corporate and institutional interest in Ethereum clearly continues to rise.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
