$5B in ETH & $900M in Reserves — Institutions Drive Ethereum’s Surge

BitMine Immersion now holds 1.15M ETH worth around $5B, making it the largest corporate ETH treasury and already 20% toward its goal of acquiring 5% of all ETH.

SharpLink Gaming has secured another $400M share purchase deal, bringing its total buying power to $900M, with current holdings of approximately 598,800 ETH valued at about $3B.

Fundamental Global (FG Nexus) increased its treasury to 47,331 ETH after a $200M raise, aiming for a 10% stake in ETH through staking and restaking.

Ethereum’s price has broken above $4,300 for the first time since December 2021, moving close to its $4,868 all-time high.

Ethereum treasury companies have purchased roughly 2.4M ETH since June, contributing to a price rally of more than 60 percent.

Analysts such as Thomas Lee believe ETH could follow Bitcoin’s “digital gold” path, with long-term price targets reaching up to $30,000.