#ETHCorporateReserves In 2025, Ethereum $ETH has solidified its position as a cornerstone of corporate treasuries, with institutional reserves soaring past 1.6 million ETH—valued at $5.5 billion to $6.44 billion, over 1% of Ethereum’s 120 million circulating supply. This 119% surge since early 2025 signals a seismic shift in how corporations, DAOs, and even governments view Ethereum: not just as a cryptocurrency, but as a high-yield, programmable asset reshaping financial strategies.

*Leaders of the Pack

SharpLink Gaming dominates with 280,600–307,358 ETH (over $1 billion), staking nearly all to earn 3–5% annual yields. The Ethereum Foundation holds 259,000–269,431 ETH, while Coinbase leverages 137,334 ETH for liquidity and staking. BitMine Immersion Technologies, with 76,271–300,000 ETH, aims to control 5% of Ethereum’s supply, and Bit Digital converts Bitcoin holdings to acquire 100,603 ETH after raising $172 million. Even the U.S. The government holds ~60,000 ETH, largely from seizures.Over 35 million ETH (28–30% of supply) is staked, tightening liquid supply. Spot Ether ETFs, with $2.18 billion in weekly inflows, and acquisitions like BlackRock’s 159,100 ETH purchase ($499.2 million) on July 16, 2025, amplify scarcity. Analysts project reserves could hit 10 million ETH by mid-2026, potentially driving prices higher. However, volatility and shareholder dilution from equity raises (e.g., SharpLink’s $425 million, BitMine’s $250 million) pose risks. Concentration is another concern, with the top five holders controlling over 70% of institutional ETH.