Ethereum News Today: Corporate ETH Treasuries Hit $13 Billion as Price Surges Past $4,300

Corporate Ether treasuries have reached a new milestone, with the total value of ETH held by institutional and corporate entities climbing to $13 billion as the price of Ether (ETH) surged past $4,300 [1]. The total amount of ETH held across corporate treasuries now stands at 3.04 million, a sharp increase driven by aggressive accumulation over the last 30 days [1].

On Monday, ETH climbed to $4,332, representing a 20.4% gain over the previous seven days, according to CoinGecko. At the time of writing, the price had slightly retreated to $4,290, but remains comfortably above the $4,300 level [1]. This rally has been supported by the accumulation strategy of major companies, which have significantly increased their ETH holdings in recent weeks [1].

BitMine Immersion Technologies leads the list of ETH treasury holders, with a total of 833,100 ETH in its possession. This represents a 410.68% increase in holdings over the past month [1]. SharpLink Gaming followed closely, with a 141.69% increase in its ETH holdings, now amounting to 521,900 ETH [1]. The Ether Machine also made notable gains, boosting its holdings by 8.01% to 345,400 ETH [1]. Collectively, these three entities account for more than half of the ETH held by the top 10 treasury companies, which together control 2.63 million ETH, or approximately 2.63% of the total supply [1].

BitMine’s recent acquisition of 208,137 ETH in a single week has elevated its total holdings to 833,100 ETH, with the value now surpassing $3.58 billion [1]. This makes it the first company to hold more than $3 billion in ETH. SharpLink also saw a significant increase in the value of its holdings, with its ETH portfolio rising in value to over $2.23 billion as prices climbed past $4,300 [1]. According to Strategic ETH Reserve (SER), SharpLink Gaming has over $671 million in unrealized gains from its Ether investments [1].

The Ether Machine added another 10,600 ETH to its treasury on Sunday, bringing its total to 345,362 ETH [1]. With a value of nearly $1.5 billion, the entity remains firmly in the top three in terms of holdings [1]. Smaller-scale acquisitions also contributed to the trend, including a recent $19 million ETH purchase by Hong Kong-listed IVD Medical through the HashKey exchange [1].

SER data indicates that 64 corporate entities with ETH treasuries now hold a combined 3.04 million ETH, valued at over $13 billion at current market prices [1]. This growing interest from institutional and corporate players signals increasing confidence in Ether as a treasury asset, and if accumulation continues at the current pace, it could contribute to further upward momentum in the price [1].

Source: [1] Ether treasuries climb to $13B as price breaks $4,300...................(https://cointelegraph.com/news/eth-treasury-holdings-hit-13b-surge-4k)