Here's the latest update on ETH Corporate Reserves ¹ ²:
Current Holdings: Corporations and ETFs collectively hold around 8.12 million ETH, valued at over $31 billion, which accounts for approximately 6.73% of the total ETH supply.
Strategic Ethereum Reserves: 65 participants hold 2.33 million ETH, worth $8.9 billion, representing 1.93% of the total supply. These reserves have seen a steady increase since mid-April, with a sharp rise starting in late June.
Recent Purchases:
BitMine: Holds over 625,000 ETH, worth $2.3 billion, and has launched a $1 billion stock buyback program to accumulate more shares.
SharpLink Gaming: Added 77,210 ETH, valued at $295 million, bringing its total to 438,017 ETH, worth $1.7 billion.
Institutional Interest: Ethereum ETFs hold 5.82 million $ETH , valued at $22.23 billion, with 17 consecutive days of net additions totaling over 433,000 ETH.
Market Impact: The accumulation of ETH by corporations and ETFs indicates renewed institutional interest and could support upward price pressure. Ethereum's supply dynamics show bullish structural signs, with over 34 million ETH staked and exchange balances hitting a multi-year low.
