Ethereum News Today: Ethereum Treasury Holdings Top $10 Billion as Institutional Demand Surges

Ethereum treasury entities now hold more than $10 billion worth of ETH, marking a significant milestone in the cryptocurrency's institutional adoption. As of late July 2025, 64 entities collectively control approximately 2.73 million ETH, valued at around $10.49 billion, according to data from Strategic ETH Reserve, The Block, and PANews [1][2][3]. These holdings represent just 2.27% of the total ETH supply but highlight a growing trend among corporations to allocate Ethereum as a strategic reserve asset, mirroring the trend seen with Bitcoin [3].

Leading the accumulation efforts are publicly traded companies. Bitmine Immersion Tech tops the list with 625,000 ETH, valued at over $2 billion, followed by Sharplink Gaming with 438,200 ETH and The Ether Machine with 334,800 ETH. These entities have amassed their holdings in under 90 days, underscoring the aggressive pace at which institutional demand is growing [1]. Bitmine CEO Tom Lee has even confirmed the company’s intention to purchase up to 5% of the total ETH supply, or approximately 6 million ETH [4].

Other notable holders include DeFi protocols and crypto-native organizations such as Mantle Network and Gnosis DAO. Institutional and government entities also feature among the top 64, including the U.S. government, which holds 60,000 ETH, and the Royal Government of Bhutan with 495 ETH [1]. The Ethereum Foundation, once the largest holder, now ranks fourth with around 234,600 ETH [1].

Public companies have also announced plans to continue increasing their ETH holdings. Standard Chartered analysts estimate that public entities could eventually acquire up to 10% of the ETH supply. In addition, Sharplink is exploring capital-raising strategies, such as convertible notes, to fund further ETH purchases, while Bitmine has simultaneously approved a $1 billion share buyback program to optimize its capital structure [4].

Despite the rising institutional demand, ETH’s price has shown signs of consolidation. According to CoinMarketCap, ETH dropped from a high of $3,877 to $3,774 in a matter of days, stalling its climb toward the $4,000 level. This has dampened investor expectations around the token’s 10th anniversary. However, on-chain metrics remain positive, with over 680,000 active wallets recorded in the second busiest week of the year and a 38% increase in MVRV over the past year [1].

Interestingly, ETH’s price gains over the past month have not been driven by capital rotation from Bitcoin, as noted by crypto analyst Carmelo Aleman. Instead, the rise has been fueled by new capital inflows into Ethereum, suggesting growing confidence in the network’s long-term potential [1]. This trend is further supported by the network’s transition to a proof-of-stake model, which has improved energy efficiency and scalability, making Ethereum more attractive to traditional financial institutions [4].

---

Source:

[1] [ETH treasuries surpass $10 billion across 64 entities, data ...](https://www.theblock.co/post/364989/ethereum-treasuries-surpass-10-billion)

[2] [Data: The total value of ETH treasury reserves of 64 entities ...](https://www.panewslab.com/en/articles/3egakgh9)

[3] [Ethereum treasuries surpass $10 billion in their stockpiles](https://sherwood.news/crypto/ethereum-treasuries-surpass-usd10-billion-in-their-stockpiles/)

[4] [BitMine Holds 625000 ETH and 192 BTC Amid $1 Billion ...](https://www.ainvest.com/news/ethereum-news-today-bitmine-holds-625-000-eth-192-btc-1-billion-stock-buyback-2507/)

[5] [Ethereum Price, ETH Price, Live Charts, and Marketcap](https://www.coinbase.com/price/ethereum)

[6] [Institutional treasury ETH reserves now exceed $10 billion ...](https://www.reddit.com/r/btc/comments/1mdydtk/institutional_treasury_eth_reserves_now_exceed_10/)

[7] [Galaxy Report: Corporate Cryptocurrency Asset Holdings ...](https://www.mexc.com/news/galaxy-report-corporate-cryptocurrency-asset-holdings-surpass-100-billion/63150)