Institutional Ethereum Treasuries on the Rise
Various public companies like BitMine Immersion Technologies and SharpLink Gaming are expanding their Ethereum holdings as strategic corporate assets. BitMine now holds over $1 billion in ETH and saw a 20‑30% stock rise after Peter Thiel backed its move, while SharpLink holds around 360,000 ETH (~$1.3 billion), with over 95% actively staked
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Additionally, The Ether Machine—a SPAC-backed firm supported by Kraken, Pantera, and Blockchain.com—is preparing a Nasdaq debut to manage $1.5–1.6 billion in Ethereum assets, becoming the largest public ETH institutional vehicle
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