Nearly 1% of Ethereum supply is held by large institutional strategies

Recent data shows that approximately 1,167,712 ETH (worth nearly $2.96 billion) is held by large institutions and companies as 'strategic reserves,' accounting for 0.9674% of the total circulating supply of Ethereum (approximately 120.8 million ETH).

The top five strategic holding institutions are as follows:

Ethereum Foundation: 259,430 ETH

SharpLink Gaming (NASDAQ: SBET): 176,271 ETH

PulseChain Sac: 166,303 ETH

Coinbase: 137,334 ETH

Golem Foundation: 101,079 ETH

These five institutions collectively hold over 840,000 ETH, accounting for more than 72% of all strategic reserve Ethereum.

This trend of concentration demonstrates institutions' strong confidence in Ethereum's long-term value and its increasingly important role in institutional portfolios.