Bitmine tops the Ethereum Foundation in ETH holdings
Sharplink Gaming and The Ether Machine also lead in ETH
Signals growing institutional confidence in Ethereum
The Ethereum Foundation, long seen as the guardian of Ethereum’s ecosystem, has been overtaken in ETH holdings by at least three companies: Bitmine, Sharplink Gaming, and The Ether Machine. This shift reveals a deeper trend in the crypto space — growing institutional confidence in Ethereum.
For years, the Ethereum Foundation held a dominant amount of ETH, not only to fund development but also to maintain influence in the ecosystem. However, data now shows that private companies are increasingly accumulating large ETH reserves, even outpacing the Foundation itself.
Who Are the New ETH Giants?
Bitmine is a crypto mining and investment firm that has aggressively expanded its ETH holdings, reportedly surpassing the Ethereum Foundation in volume. This suggests a bullish outlook on Ethereum’s future role in decentralized finance and smart contracts.
Sharplink Gaming, a company in the blockchain gaming and betting space, has also increased its ETH reserves significantly. As gaming continues to merge with Web3, holding ETH becomes a strategic asset for powering in-game economies and NFT ecosystems.
The Ether Machine, a decentralized infrastructure project, has likewise moved into the spotlight with its heavy ETH holdings. As a company working directly within the Ethereum ecosystem, it has clear incentives to maintain a strong ETH position.
Companies that hold more ETH than the Ethereum Foundation:BitmineSharplink GamingThe Ether MachineInstitutions are coming.
Institutions Are Here, and They’re Buying
The fact that companies are now holding more ETH than the Foundation itself is a strong signal. It suggests Ethereum is maturing from a community-driven project into a widely adopted financial layer. Institutional players see ETH not just as a token but as a core infrastructure asset, much like oil or data bandwidth.
As Ethereum continues to evolve — with scaling solutions, staking, and real-world applications — expect even more companies to follow suit. The era of institutional Ethereum accumulation has begun.
