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COINOTAG, on September 7, citing data from strategicethreserve, highlighted material shifts in institutional Ethereum holdings across several treasury entities during the past 30 days.
Leading the list is Bitmine Immersion Tech (BMNR) with roughly 1.87 million ETH (about $8 billion), a 124.1% month-on-month increase; SharpLink Gaming (SBET) follows at ~837,000 ETH (~$3.59 billion), up 60.4%; and The Ether Machine (ETHM) holds ~495,000 ETH (~$2.12 billion), rising 43.4% over the period.
Other notable positions include the Ethereum Foundation at ~229,600 ETH (~$984 million), down 1.3%; ETHZilla (ETHZ) with ~102,200 ETH (~$438 million), up 24.4%; and FG Nexus (FGNX) at ~48,400 ETH (~$207 million), a 656.9% increase—data that underscores ongoing institutional rebalancing rather than short-term market forecasts.
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