Institutional demand for Ethereum is on the rise, with corporate investors continuing to accumulate the cryptocurrency at a rapid pace. According to data from StrategicETHReserve, Ethereum treasuries now hold over 4.1 million ETH, valued at approximately $17.6 billion. This represents about 3.4% of the total ETH supply and is spread among 69 entities.
Leading the charge in Ethereum treasury holdings is BitMine Immersion, with a stash of 1.52 million ETH valued at $6.6 billion. The Nevada-based company has been aggressively accumulating ETH since launching its treasury strategy in July, with a long-term goal of controlling 5% of the total ETH supply. Following closely behind is SharpLink Gaming, which holds approximately 741,000 ETH valued at $3.2 billion. The Nasdaq-listed company began its ETH purchases in June and sees Ethereum as the “trustware of global finance.”
Other significant holders include The Ether Machine, the Ethereum Foundation, and 65 other entities with more modest positions. The growing accumulation of ETH by corporate treasuries is seen as a potential catalyst for the cryptocurrency’s price to recover and experience further gains.
Currently trading at around $4,286, ETH has experienced a slight downtrend in recent days after reaching highs above $4,700 earlier in the month. Analysts believe that the ongoing accumulation by corporate buyers, along with increasing demand from exchange-traded funds (ETFs), could support ETH’s long-term outlook and price growth.
Standard Chartered has forecasted that Ethereum could reach $7,500 by the end of the year, $12,000 by late 2026, $18,000 in 2027, and $25,000 by 2028-29. With firms like BitMine and SharpLink setting ambitious accumulation targets, Ethereum appears to be well-positioned for future growth. However, short-term price movements may still be influenced by market dynamics as the influx of treasury and ETF funds continues to impact the cryptocurrency’s valuation.