- Corporate ETH reserves exceed $10 billion as accumulation intensifies near Ethereum’s tenth anniversary.
- The Ether Machine’s latest ETH purchase places it ahead of the Ethereum Foundation in holdings.
- Spot Ether ETFs, led by BlackRock, now hold close to 6 million ETH, boosting institutional interest.
Global corporate entities now hold over 2.73 million ETH, valued at more than $10 billion. This development aligns with Ethereum’s tenth anniversary, celebrated on July 30. The ETH price currently trades near $3,865, reflecting a 56% increase over the last month. Key players such as Bitmine Technologies and SharpLink Gaming have expanded their ETH positions aggressively in recent weeks.
With a recent acquisition of 15,000 ETH at an average price of $3,809.97 per token, The Ether Machine’s subsidiary, The Ether Reserve, has climbed to third place among corporate ETH holders. This purchase, totaling around $56.9 million, brings the firm’s overall ETH holdings to 334,757. The company confirmed it still holds $407 million in capital allocated for future Ethereum purchases.
Ethereum Foundation Overtaken in Holdings
This latest move places The Ether Machine ahead of the Ethereum Foundation in terms of treasury reserves. Combined, Bitmine Technologies and SharpLink Gaming now hold over 1 million ETH. These developments show a rising corporate strategy to treat Ethereum as a long-term digital asset for reserve management.
Institutional interest in ETH continues to rise, as evidenced by growing inflows into spot Ether ETFs. Current holdings in these financial products have reached nearly 6 million ETH. BlackRock’s ETHA ETF alone controls over 3 million ETH, representing more than $11 billion in assets under management.
Future Developments in Ether ETFs Expected
Recent acknowledgement from the US SEC of BlackRock’s proposal for ETH staking suggests further expansion of ETF functionalities. Market analysts project staking features may be passed by the end of 2025 or by the first quarter of 2026. These advancements have the potential to quicken interest and flows of institutions into investment products depending on Ether.
Ethereum is currently celebrating a decade of existence, and its performance is still impressive. Ever since its inception in 2015, the network has enjoyed uninterrupted uptime. The co-founder, Joseph Lubin, lauded Ethereum and termed the resource as a solid block in digital innovation.
