69 institutions hold 4.1 million ETH! The value of the Ethereum treasury has skyrocketed to 1.76 billion USD.

As institutional funds continue to flow into Ethereum (ETH), the latest data shows that 69 entities holding more than 100 ETH collectively hold over 4.1 million ETH, worth approximately $17.6 billion at current prices, accounting for 3.39% of the total supply of ETH. Among them, BitMine Immersion Technologies ranks first with 1.5 million ETH (approximately $6.6 billion), indicating that institutional confidence in Ethereum is rapidly accumulating.

BitMine is the largest holder of ETH vaults

(Source: The Block)

According to StrategicETHReserve data, BitMine Immersion Technologies has shifted its business focus from Bitcoin mining to accumulating ETH, currently holding about 1.5 million ETH, worth approximately 6.6 billion dollars.

Rank 2: SharpLink Gaming, holding approximately 740,800 ETH (about 3.2 billion USD)

Rank 3: Ether Machine, holding approximately 345,400 ETH

Rank 4: Ethereum Foundation, holding approximately 231,600 ETH

These large positions reflect the high recognition of the long-term value of ETH by large institutions.

Digital Asset Vault (DAT) Becomes a New Focus for Institutional Layout

Digital Asset Treasury (DAT) is becoming a new hotspot in the crypto industry, with the growth of Ethereum inventory being particularly significant.

According to The Block data, as of Wednesday:

The publicly listed company has accumulated 2.6 million ETH (approximately 1.09 billion USD)

The US spot Ethereum ETF holds 6.7 million ETH, accounting for 5.5% of the total supply of ETH.

This means that the holdings of the listed companies and ETFs alone have already controlled over 9.3 million ETH, further reducing the circulating supply in the market.

The Potential Impact of Institutional Holdings on ETH Prices

Institutions holding ETH for the long term may bring about the following market effects:

Reduce circulating supply: A large amount of ETH is locked in vaults and ETFs, which reduces market selling pressure.

Price support: Institutional investors usually hold for a longer period and have lower sensitivity to price fluctuations.

Market Signals: The increase in open positions can be seen as a signal of institutional bullishness on ETH, attracting more capital to enter.

Outlook: ETH under the Wave of Institutionalization

As the regulatory frameworks in the United States and globally take shape, and with the expansion of Ethereum's applications in DeFi, NFTs, and RWA (real-world asset tokenization), the institutional holding ratio may further increase.

If spot Ethereum ETFs are approved in more jurisdictions, the demand for ETH will experience a new surge.

Conclusion

69 institutions collectively hold over 4.1 million ETH, with a market value reaching 17.6 billion USD. This not only highlights the important position of Ethereum in institutional investment portfolios but also reflects the accelerating entry of the cryptocurrency market into the institutional era. As the scale of ETFs and digital asset pools expands, the long-term value support of ETH may further strengthen. For more real-time on-chain data and market analysis, please follow the official Gate platform.