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Corporate ETH holdings have surpassed $10 billion as Ethereum celebrates its 10th birthday, reflecting growing institutional confidence in the leading altcoin.
Data from StrategicETHReserve shows that 64 companies currently hold approximately 2.73 million ETH, valued at about $10.58 billion at current prices. This represents 2.26% of Ethereum’s total supply.
The top corporate holders include Bitmine Immersion Technologies, SharpLink Gaming, and The Ether Machine.
The latter recently marked Ethereum’s anniversary with a $56.9 million purchase of 15,000 ETH, pushing its total holdings to 334,757 ETH, surpassing the Ethereum Foundation.
“We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to ether,’’ said The Ether Machine co-founder Andrew Keys in July 30 statement. “We are just getting started.”
The Ether Machine’s ETH Holdings Surpass Ethereum Foundation
The firm bought 15,000 ETH at an average purchase price of $3,809 per coin.
The latest buy was made using capital proceeds from its previously announced private placement, and has pushed the company’s total holdings to 334,757 ETH.
With the recent ETH purchase, The Ether Machine’s holdings in the altcoin leader have also surpassed that of the Ethereum Foundation, data from StrategicETHReserve shows.
The purchase made the company third largest holder of ETH, with just Bitmine Immersion Technologies and SharpLink Gaming holding more.
More ETH Purchases Could Be Announced Soon
That ranking might change soon, because the firm said in its announcement that it plans to purchase additional ETH from remaining cash proceeds. Up to $407 million has been earmarked for future acquisitions.
With Ethereum trading at $3,861.46 as of 2:30 a.m. EST, that could see The Ether Machine purchase another 105,400 ETH if it uses all of the remaining cash to buy the crypto, pushing its holdings to 440,157 ETH. It would then rank above Sharplink Gaming, which holds 438.2K ETH.
The ETH buying frenzy is not limited to just public companies, with institutional investors also continuing to buy into spot Ethereum ETFs (exchange-traded funds). Data from Farside Investors shows $5.8 million was added to the funds’ reserves yesterday.
Spot eth ETFs *tie* record inflow streak…
It was close though.
Nevertheless, now 19 straight days of new $$.
$5.4bil total.
Will go for record tomorrow.
— Nate Geraci (@NateGeraci) July 31, 2025
That has pushed the funds’ inflows streak to 19 consecutive days, matching their previous record.
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