#ETH4500Next? $ETH

Corporate holdings of Ethereum jumped to a record level of 3.04 million ETH, equivalent to about 13 billion dollars, after the cryptocurrency's price broke the $4,300 barrier, driven by the largest institutional buying wave in months, according to CoinGecko data.

Ethereum recorded a peak on Monday at $4,332, a 20.4% increase over the week, before slightly retreating to $4,290, amid intense buying by major companies, led by BitMine Immersion Technologies, which increased its holdings by 410.68% in one month to 833,100 ETH, surpassing a market value of 3.58 billion dollars, becoming the first company to own more than 3 billion dollars worth of Ethereum.

SharpLink Gaming came in second, after increasing its holdings by 141.69% to 521,900 ETH, raising its value from 1.91 billion to over 2.23 billion dollars, with unrealized profits exceeding 671 million dollars. Meanwhile, The Ether Machine boosted its holdings to 345,362 ETH, valued at nearly 1.5 billion dollars, coinciding with the tenth anniversary of Ethereum.

The three companies together represent more than half of the holdings of the top 10 companies, totaling 2.63 million ETH, which is about 2.63% of the total supply. Last week also saw smaller deals, most notably IVD Medical purchasing nearly 19 million dollars worth of Ethereum through the HashKey platform.