On Wednesday, the second largest cryptocurrency network and crypto currency celebrates 10 years.
Ethereum launched its smart contracts on July 30th, 2015, and laid the foundations for the future. decentralized finance (DeFi) ecosystem. The network is still up and running after 10 continuous years.
Cointelegraph has reviewed five of the largest Ether-based corporate (ETHEther holders are a growing number of public company shareholders, highlighting Ether’s status as an asset that is viewed by many companies as strategic.
Bitcoin listed on the public market (BTC) mining company, BitMine Immersion Technologies, is the largest ETH treasury firm, holding 625,000 ETH or 0.52% of the total circulating ETH supply. This miner had previously stated that it would buy up to 5% Ether, indicating more investment after the company. announced On Tuesday, the company announced a stock-repurchase program of $1 billion.
Sharplink (Nasdaq) is in second place with 438.190 ETH. “primary” The firm’s treasury reserves asset. The company purchased Between July 21-27, Ether was sold for $290,000,000 at an average of $3756.
Related: Ether Machine taps demand with $1.5B institutional ETH vehicle: Finance Redefined
Bit Digital is the third largest corporate ETH holder with a holding of 100 603 ETH. The firm announced on July 7 that it had acquired a total of 100,603 ETH. announced Its transition from a Bitcoin treasury to an Ethereum Treasury strategy included raising $172,000,000 in public equity and converting its balance sheet to Ether.
BTCS Inc. is the fourth-ranked Ethereum node validation company, with 70.028 total ETH. BTCS announced The firm raised $207,000,000 in total capital for the year 2025, after closing a program to issue $10 million of convertible notes on Monday.
GameSquare Holdings Inc. is a tech and media company that rounds out the list with 12,913 Ethereum. The company is headquartered in earmarked $250 Million for a wider crypto treasury strategy.
Related: 35 companies now hold at least 1,000 Bitcoin as corporate adoption booms
Wall Street “warming up” Ether is a reserve asset for the treasury
Gracy CHEN, CEO at Bitget Crypto Exchange, said that according to institutions, Ethereum is becoming the new digital reserve currency.
“Given the high likelihood that the world’s assets will be tokenized on the blockchain, Ethereum has a competitive advantage in capturing a large share of this market,” Chen tells Cointelegraph. “Drawing on this, institutional investors consider Ethereum the next emerging treasury asset after Bitcoin.”
“Wall Street firms and the broader TradFi world are just warming up to the idea of Ethereum as a treasury reserve asset,” She also added.
The number of ether-treasury firms has increased sharply over the past few months. Since June, crypto-treasury businesses have purchased more than 1% of ETH’s circulating supplyStandard Chartered published a report on Tuesday that showed Bitcoin-focused companies outpaced each other during the same time period.
According to the report, Ethereum-focused treasury companies may be able to hold 10% of the supply on the long term. This is due in part because they have the opportunity for regulatory arbitrage as well as a programmable return via staking or DeFi.
Combined with strong inflows into US spot Ether exchange-traded funds, the continued institutional accumulation may help push ETH above the $4,000 level — Standard Chartered’s year-end price target.
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Source: cointelegraph.com
