Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum Celebrates a Decade, Highlighting Top Corporate ETH Holders Amidst Wall Street's Growing Interest Ethereum has reached a significant milestone, marking its 10th anniversary since launching on July 30, 2015. Over the past decade, the network has consistently delivered uninterrupted uptime and laid the groundwork for the burgeoning decentralized finance (DeFi) ecosystem. This anniversary comes at a time when institutional adoption of Ether (ETH) is on the rise, with corporate treasury departments and Wall Street entities increasingly adding ETH to their holdings, signaling its growing stature as a strategic reserve asset. Cointelegraph has identified the top five corporate Ether holders, underscoring Ethereum's evolution into a key treasury asset for public companies:

Top Corporate ETH Holders

• BitMine Immersion Technologies: This publicly-listed Bitcoin mining company leads the pack with 625,000 ETH, representing 0.52% of the total circulating supply. BitMine has announced ambitious plans to acquire up to 5% of Ether’s supply, following a substantial $1 billion stock repurchase program.
• Sharplink: Listed on the Nasdaq, Sharplink holds 438,190 ETH as its primary treasury reserve asset. The firm strategically purchased $290 million worth of Ether between July 21 and July 27, at an average price of $3,756.
• Bit Digital: As the third-largest corporate ETH holder, Bit Digital possesses 100,603 ETH. The company announced a strategic pivot to an Ethereum treasury strategy on July 7, which included a $172 million public equity raise and the conversion of its balance sheet from Bitcoin to Ether.
• BTCS Inc.: Currently acting as an Ethereum node validator, BTCS Inc. holds 70,028 ETH. The company recently concluded a $10 million convertible note issuance program, bringing its total capital raised in 2025 to $207 million.
• GameSquare Holdings Inc.: This media and tech firm holds 12,913 ETH and has earmarked $250 million for a broader crypto treasury management strategy.

Wall Street’s Growing Interest in Ethereum

Gracy Chen, CEO of crypto exchange Bitget, observes a marked increase in institutional interest, stating that Ethereum is increasingly viewed as the next significant digital reserve asset. She commented: "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. Drawing on this, institutional investors consider Ethereum the next emerging treasury asset after Bitcoin." Chen further elaborated that Wall Street firms and the broader traditional finance sector are actively exploring Ethereum as a treasury reserve asset. Ether treasury acquisitions have seen a significant acceleration in recent months. Reports from Standard Chartered indicate that since June, crypto treasury firms have purchased over 1% of ETH’s circulating supply, outperforming Bitcoin-focused firms in the same period. The report suggests that Ethereum-focused firms could potentially hold up to 10% of the total supply in the long term, driven by opportunities in regulatory arbitrage and programmable yield through staking and DeFi. Coupled with robust inflows into US spot Ether exchange-traded funds (ETFs), this sustained institutional accumulation could propel ETH beyond the $4,000 mark, aligning with Standard Chartered's year-end price target.

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Source: Cointelegraph on July 30, 2025.

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Frequently Asked Questions (FAQ)

Ethereum and Corporate Holdings

Q: Why are corporations increasing their Ether holdings? A: Corporations are increasingly viewing Ether (ETH) as a strategic reserve asset, similar to Bitcoin. This trend is driven by Ethereum's growing ecosystem, smart contract capabilities, and the potential for yield generation through staking and decentralized finance (DeFi). Q: Which companies are the largest corporate holders of Ether? A: The top corporate holders mentioned include BitMine Immersion Technologies, Sharplink, Bit Digital, BTCS Inc., and GameSquare Holdings Inc., each holding significant amounts of ETH in their treasuries. Q: What is the significance of institutional adoption of Ethereum? A: Increased institutional adoption signals growing confidence in Ethereum's long-term value and utility. It suggests a broader acceptance of digital assets within traditional finance and can lead to greater stability and liquidity in the market. Q: How does Ethereum's 10th anniversary relate to its corporate adoption? A: The 10th anniversary highlights Ethereum's resilience and consistent uptime, demonstrating its maturity as a platform. This track record contributes to its appeal as a reliable asset for corporate treasuries, especially as Wall Street institutions become more involved.

Wall Street and Ethereum

Q: What is Wall Street's current view on Ethereum as a treasury asset? A: Wall Street firms are increasingly recognizing Ethereum's potential as a treasury reserve asset, viewing it as the next major digital asset after Bitcoin. This is partly due to the network's role in tokenizing real-world assets and its DeFi capabilities. Q: What factors are driving Wall Street's interest in Ethereum? A: Key drivers include the potential for tokenization of global assets on the Ethereum blockchain, the advantage it holds in capturing market share, and opportunities for programmable yield through staking and DeFi protocols. The strong inflows into US spot Ether ETFs also contribute to this growing interest.

Ethereum's Market Position

Q: How does Ethereum compare to Bitcoin as a treasury asset? A: While Bitcoin is established as a digital gold, Ethereum is increasingly seen as the "next emerging treasury asset" due to its utility in smart contracts, DeFi, and the potential for yield. Q: What is the outlook for Ether's price based on current trends? A: With increased institutional accumulation and inflows into Ether ETFs, analysts like those at Standard Chartered predict that ETH could surpass $4,000 by the end of the year, indicating a positive outlook driven by institutional demand.

Crypto Market AI's Take

The increasing allocation of Ether into corporate treasuries and the growing interest from Wall Street institutions signify a maturing cryptocurrency market. Ethereum's robust infrastructure, particularly its smart contract capabilities and the thriving DeFi ecosystem, positions it as a crucial platform for future financial innovation. At Crypto Market AI, we leverage advanced AI agents and machine learning to analyze these market shifts, providing users with insights into institutional trends and potential investment opportunities. Understanding these movements is key to navigating the evolving landscape of digital assets, and our platform is designed to equip you with the data and analysis needed to make informed decisions in this dynamic sector.

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