Surge in Ether Reserves: 64 Entities Hold Ether with a Total Value Exceeding $10 Billion

According to data from the platform Strategic Ether Reserve, as of Thursday, a total of 64 entities hold Ethereum, with a cumulative strategic reserve exceeding 2.7 million coins, valued at $10.56 billion, accounting for 2.27% of the total Ethereum supply. These reserves, valued at $10 billion, include various types of institutions such as publicly traded companies, cryptocurrency exchanges, DeFi protocols, non-profit organizations, and federal governments, among which 12 entities are publicly traded companies.

Currently, the largest holder of Ethereum is Bitmine Immersion Tech. The company has transitioned from Bitcoin mining to actively accumulating Ethereum, now holding 625,000 ETH (approximately $2.42 billion). Its chairman, Tom Lee, previously stated that the company’s goal is to acquire and stake 5% of the total Ethereum supply.

Next is SharpLink Gaming, led by Joseph Lubin, which holds 438,200 ETH. Following closely is Ether Machine, which announced on Wednesday that it increased its holdings by 15,000 ETH, bringing its total to 334,800 ETH, making it the third-largest enterprise holder.

The Ethereum holdings of these three companies now exceed those of the long-standing largest reserve holder—the Ethereum Foundation. The Foundation is responsible for the core development, research, and ecosystem support of the Ethereum network, currently holding 234,600 ETH.

This signifies the arrival of a new era: due to strategic asset diversification and revenue opportunities, the amount of Ethereum now held by corporate institutions has surpassed that of the foundation, which has been a core driver of Ethereum.

Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, predicts that the amount of Ethereum held by enterprises may reach 10% of the total supply in the future. Additionally, compared to Bitcoin, ETH reserves also offer higher potential rewards because they can participate in staking and other DeFi areas.

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