Ethereum Holdings Valued at Nearly $2 Billion by SharpLink
In the dynamic world of cryptocurrencies, Ethereum (ETH) continues to garner significant attention from corporations and institutions. Here's a look at the top corporate holders of Ethereum as of mid-2025.
Leading the pack is SharpLink Gaming, a gaming company with a focus on Web3, holding approximately 360,807 ETH, worth around $1.33 billion. SharpLink Gaming views Ethereum as a core inventory, not just a hedge.
Following closely is Bitmine Immersion Tech, a company that has transitioned from Bitcoin mining to Ethereum acquisition and staking, holding about 300,657 ETH, or $1.11 billion. Bitmine's top investors include Cathie Wood's ARK Invest and other prominent players.
Coinbase Global, Inc., aligning with their infrastructure and investment strategies around Ethereum, owns roughly 137,300 ETH, valued at around $507 million.
Bit Digital, with a balanced approach between Bitcoin and Ethereum, holds 120,306 ETH, worth approximately $444.5 million.
BTCS Inc., which has recently increased its holdings, now includes 55,788 ETH, including a recent purchase of an additional 22,935 ETH to support staking and blockchain services.
GameSquare Holdings, with a digital asset treasury strategy focusing on NFTs and stablecoin yield generation, holds 10,170 ETH.
Intchains Group Limited, with a focus on Web3 and altcoin mining initiatives, holds a total of 7,023 ETH. Other smaller holders in this corporate cohort include KR1 plc (5,500 ETH), Exodus (2,550 ETH), and BTC Digital Ltd. (2,100 ETH).
Collectively, these publicly traded companies control about 1,002,666 ETH, valued at approximately $3.7 billion, representing roughly 0.83% of all ETH in circulation.
Institutional and corporate interest in Ethereum is expanding sharply in 2025, with Ethereum increasingly viewed as a treasury reserve asset beyond Bitcoin. Firms are leveraging staking and DeFi yield opportunities, with Ethereum-focused treasury firms potentially holding up to 10% of the total ETH supply long-term.
It's worth noting that the largest individual Ethereum holder remains the Beacon Deposit Contract (staking contract), holding over 54% of the total supply.
Meanwhile, in the stock market, SharpLink Gaming's stock (SBET) is currently trading at roughly $19. Over the period from July 28 to August 3, SharpLink Gaming purchased 83,561 Ethereum for $264.5 million.
In related news, Consensys CEO Joe Lubin has expressed his intention to continue buying more Ethereum, surpassing the Ethereum Foundation on the list of the largest corporate holders of Ethereum. However, the current location of Peter Brandt, known for his insights on charting, remains unknown.
The growing interest in Ethereum is also reflected in the assets under management of BlackRock's Ethereum ETF, which currently stands at $372,000,000. Despite the rising interest, the whereabouts of Satoshi and Max Keiser remain undisclosed.
SharpLink Gaming is aiming to cross 1 million Ethereum tokens, which will be its first major milestone. As of the latest update, SharpLink Gaming holds a total of 521,939 Ethereum tokens.
[1] Source: CoinMarketCap [2] Source: Messari [3] Source: Glassnode [4] Source: Ethereum.org [5] Source: Decrypt.co
- SharpLink Gaming, a gaming company specializing in Web3, has amassed approximately 360,807 Ethereum tokens, making it the leading corporate holder of Ethereum, with a value of around $1.33 billion.
- In the stock market, SharpLink Gaming's stock (SBET) is currently trading at roughly $19, and over the period from July 28 to August 3, the company purchased 83,561 Ethereum for $264.5 million.
- Bitmine Immersion Tech, a company that has transitioned from Bitcoin mining to Ethereum acquisition and staking, holds about 300,657 ETH, or $1.11 billion, with top investors including Cathie Wood's ARK Invest and other prominent players.
- Meanwhile, Consensys CEO Joe Lubin has expressed his intention to continue buying more Ethereum, with the aim of potentially surpassing the Ethereum Foundation on the list of the largest corporate holders of Ethereum.
