The total amount of Ether held by companies with crypto treasuries has climbed to 3.04 million ETH, valued at $13 billion, as the cryptocurrency’s price surged past $4,300.
On Monday, Ether reached $4,332, marking a 20.4% increase over the past seven days, according to CoinGecko. At the time of writing, ETH had slightly dipped to $4,290. This rally is driven by companies increasing their Ether holdings over the last 30 days.
Leading the list of ETH treasury holders, BitMine Immersion Technologies raised its holdings to 833,100 ETH, representing a 410.68% increase in the past month.
SharpLink Gaming followed with 521,900 ETH, boosting its treasury by 141.69% during the same period, while The Ether Machine grew its holdings by 8.01% to 345,400 ETH.
Together, these three companies make up more than half of the Ether held by the top 10 treasury holders, whose combined total stands at 2.63 million ETH—approximately 2.63% of Ether’s total supply.
Top 10 ETH treasury entities control more than $11.3 billion
The week’s price surge significantly boosted the value of corporate ETH holdings.
Last Monday, BitMine purchased 208,137 ETH, bringing its total holdings to 833,100 ETH. At the time, with ETH trading around $3,700, these assets were valued at approximately $2.9 billion.
Now, with ETH trading near $4,300, BitMine’s holdings are worth over $3.58 billion, making it the first company to hold more than $3 billion in Ether.
On Tuesday, digital asset investment firm SharpLink increased its holdings by 83,562 ETH, raising its total to 521,900 ETH. This purchase was initially valued at about $1.91 billion. With ETH’s price surpassing $4,300, SharpLink’s holdings are now worth over $2.23 billion.
According to ETH treasury data tracker Strategic ETH Reserve (SER), SharpLink Gaming has unrealized gains of more than $671 million from its Ether investments.
On August 3, coinciding with Ethereum’s 10th anniversary, The Ether Machine acquired 15,000 ETH. SER data shows the company added another 10,600 ETH to its treasury on Sunday, bringing its total to 345,362 ETH valued at nearly $1.5 billion, securing its spot among the top three holders.
Besides the major players, smaller purchases were also reported last week. On Friday, HashKey exchange announced that Hong Kong-listed IVD Medical bought HK$149 million (approximately $19 million) worth of ETH through the platform, though the exact amount of Ether acquired was not disclosed.
Overall, SER data reveals that 64 treasury companies hold a combined total of 3.04 million ETH, valued at over $13 billion at current market prices.
