Top Ethereum treasury companies have purchased at least $1.6 billion worth of Ether over the past month, with institutional buying accelerating in the past week as Ether’s price surged.
Corporate Ether treasury firms have accumulated more than 545,000 ETH in the last 30 days, according to recent purchase disclosures.
On Monday, BitMine Immersion Technologies, led by Fundstrat’s Tom Lee, revealed its total Ether holdings at 163,142 ETH—valued at approximately $480 million at current market prices.
Referencing Michael Saylor’s aggressive Bitcoin accumulation strategy, Lee noted that “ETH treasuries that can accumulate 5% of the ETH supply could benefit from a similar ‘Wall Street put,’” suggesting that Wall Street may become as bullish on Ethereum as it has been on Bitcoin and Saylor’s strategy.
Joe Lubin’s SharpLink reigns as the treasury leader
Meanwhile, Joseph Lubin’s gaming platform, SharpLink, added another 10,000 ETH on July 11, 16,370 ETH on July 13, and an additional 24,371 ETH valued at $73.2 million on Monday. This brings SharpLink’s total holdings to over 255,000 ETH, making it the largest corporate Ethereum treasury.
Consensys founder Lubin has even dubbed himself a “self-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen,” acknowledging BitMine and other firms for their recent surge in Ether accumulation.
Growing roster of Ethereum treasuries
Other companies that have recently added Ethereum to their corporate treasuries include digital asset platform Bit Digital, holding over 100,000 ETH, and Blockchain Technology Consensus Solutions (BTCS), which raised $62.4 million to boost its ETH holdings to 29,122 ETH this month. Meanwhile, GameSquare unveiled a strategic plan on July 8 to build a $100 million Ethereum treasury.
Almost $1 billion in Ether fund inflows
Ethereum-based digital investment funds have recorded their 12th consecutive week of inflows, totaling $990 million—the fourth largest weekly inflow on record—according to asset manager CoinShares on Monday.
So far this year, Ethereum products have attracted over $4 billion in inflows, with nearly 30% of that coming in the past two weeks as institutions continue to buy into the asset.
In relative terms, Ethereum’s inflows over the last 12 weeks represent 19.5% of the total assets under management for all global Ether funds, compared to 9.8% for Bitcoin funds, CoinShares highlighted.
ETH prices surpassed $3,000 for the first time since February on July 11 but have since pulled back slightly, closing the week with a 17% gain.
