Ethereum News Today: Corporate Ethereum Holdings Surge to $10.53 Billion Amid ETF Momentum

Corporate Ethereum holdings have surged to $10.53 billion, with 65 companies collectively controlling 2.73 million ETH, representing 2.26% of the total Ethereum supply, according to Strategic ETH Reserve. Bitmine Immersion Tech remains the largest individual corporate holder, with digital assets amounting to $2.41 billion — a 283% increase in the last 30 days. SharpLink, linked to Ethereum co-founder Joe Lubin, ranks second with 449,276 ETH valued at approximately $1.73 billion, following a recent $43.09 million USDC purchase on July 31. The Ether Machine, now holding 334,757 ETH, has moved into third place, surpassing the Ethereum Foundation’s reserves, and has drawn attention due to its extremely low Multiple on Net Asset Value (MNAV) of 0.14, compared to 1.74 for Bitmine and 1.49 for SharpLink. MNAV is a critical metric for investors, as figures below 1 can signal operational inefficiencies or structural issues[1].

The Ether Machine has highlighted its recent Ethereum acquisition as a symbolic gesture in honor of the cryptocurrency’s 10th anniversary. Co-founder Andrew Keys emphasized the company’s long-term commitment to Ethereum, describing it as the “foundation of a new internet economy.” The company was formed in 2025 through the merger of The Ether Reserve and Nasdaq-listed Dynamix Corp and plans to list under the ticker ETHM on Nasdaq in the fourth quarter. The combined entity aims to raise $1.6 billion, signaling growing institutional confidence in Ethereum as an asset class[1].

Bitwise Investment Director Matt Hougan noted that corporate Ethereum holdings have made the asset more accessible to traditional investors. By staking large reserves of ETH within corporate structures, companies are now generating earnings, a feature previously absent in Ethereum’s profile. Hougan warned, however, that firms using Ethereum as a treasury hedge must manage debt levels and interest expenses carefully to avoid financial risks. He also highlighted currency mismatch risks — where assets and liabilities exist in different currencies — as a potential issue in times of market stress. While he acknowledged the possibility of a partial unwind of corporate crypto holdings during downturns, he downplayed the likelihood of a “catastrophic unwind,” given the staggered maturity of corporate loans[1].

Meanwhile, spot Ethereum ETFs continue to attract investor interest. They have recorded 19 consecutive days of net inflows, with total assets under management (AUM) reaching 5.88 million ETH ($22.71 billion), or nearly 5% of Ethereum’s total supply. In the last seven days alone, inflows have added 261,900 ETH, driven by increased corporate Ethereum accumulation of 168,700 ETH. Over the same period, the Ethereum network issued only 18,600 new tokens, contributing to a supply-demand imbalance[1].

The potential launch of Ethereum ETFs with staking functionality in the U.S. could further reshape the market, according to analysts. Markus Thielen of 10x Research stated that such products could enhance ETF returns and serve as a “game-changer” for institutional capital. He noted that arbitrage between spot ETFs and Ethereum futures already yields approximately 7% annually, with staking adding an additional 3%. With leverage of 2–3x, institutional investors could expect 20–30% annual returns. Thielen suggested that the approval of such instruments could mark the beginning of a “new era” for Ethereum’s adoption[1].

NovaDius Wealth Management President Nate Geraci pointed out that the recent SEC and Nasdaq 19b-4 filing to add staking to BlackRock’s ETHA product may attract regulatory attention. However, the broader market trend suggests continued momentum, with cumulative inflows into spot Ethereum ETFs reaching $9.62 billion since their launch in July last year. BlackRock’s ETHA remains the largest with AUM of $11.27 billion[1].

Source: [1] [Corporate Ethereum Holdings Soar: Key Players, Market Trends, and ETF Impact](https://coinmarketcap.com/community/articles/688b7dc00e7f1f47655e2992/)