Ethereum treasuries across 69 entities surpass 4 million ETH, valued at over $17 billion

The value of ETH holdings by 69 entities has surpassed 4.1 million ETH, worth approximately $17.6 billion, as more organizations seek to invest in Ethereum.

Data from StrategicETHReserve shows that the total value of ETH holdings in treasuries stood at 4.1 million, covering 69 entities that hold more than 100 ETH. That represented about 3.39% of the total ETH supply.

Among them, BitMine Immersion Technologies holds the largest amount of ETH, with roughly 1.5 million ETH valued at about $6.6 billion. It has shifted its business focus from bitcoin mining to ether accumulation. 

SharpLink Gaming ranks second in ETH holdings, with approximately 740,800 ETH worth about $3.2 billion in its treasury. The Ether Machine holds about 345,400 ETH, while the Ethereum Foundation holds 231,600 ETH.

Digital asset treasuries (DATs) have gained traction, with Ethereum treasuries becoming a focal point in the crypto industry. Notably, the cumulative ETH treasury holdings by public companies reached 2.6 million ETH, or about $10.9 billion, as of Wednesday, according to The Block's dashboard.

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Meanwhile, U.S. spot Ethereum exchange-traded funds hold roughly 6.7 million ETH, representing about 5.5% of ETH's current supply, according to The Block's ETF data.