Corporate treasuries have acquired 1% of Ethereum’s circulating supply since June, increasing holdings by 195% to 2.33 million ETH valued at $9 billion, with projections to hold up to 10% due to staking rewards and DeFi benefits.
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Corporate ETH holdings surged 195% in two months, now totaling 2.33 million ETH worth $9 billion.
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Institutional interest is driven by staking yields, DeFi leverage, and regulatory advantages over Bitcoin.
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Standard Chartered’s Geoff Kendrick forecasts corporate treasuries could own 10% of Ethereum’s supply in the near future.
Corporate treasuries boost Ethereum holdings by 195%, now at $9B. Learn why ETH outperforms BTC and the potential for 10% supply ownership.
Why Are Corporate Treasuries Rapidly Increasing Ethereum Holdings?
Corporate treasuries are aggressively accumulating Ethereum (ETH) due to its unique financial incentives. Since June, firms have purchased 1% of ETH’s circulating supply, driven by attractive staking rewards and decentralized finance (DeFi) opportunities unavailable through US ETFs. These factors create compelling reasons for institutions to prefer ETH over Bitcoin.
How Much Ethereum Do Institutions Currently Hold?
According to recent data, 64 entities now hold a combined total of 2.33 million ETH, representing 1.93% of the total supply and valued at over $9 billion. This reflects a 195% increase from mid-May’s 789,705 ETH. Notably, new corporate entrants contributed 113,000 ETH (~$409 million) this quarter, signaling expanding institutional adoption.

The Rise in Ethereum Holdings. Source: Strategic ETH Reserve
Which Companies Are Leading Ethereum Accumulation?
BitMine Immersion Technologies stands out with over $2 billion in ETH holdings after initially committing $250 million. The company plans to increase its stake to $4.5 billion, aiming to own 5% of Ethereum’s supply. Similarly, SharpLink Gaming has expanded its ETH assets to $1.7 billion, acquiring an additional $295 million recently.
SHARPLINK GAMING NOW HAS $1.7 BILLION USD OF ETH
SharpLink Gaming ETH holdings have risen to $1.67 Billion as of last night, when the team acquired an additional $295M of ETH.
Will SBET become the MSTR of ETH? pic.twitter.com/nb8gshxcfX
— Arkham (@arkham) July 28, 2025
How Does Ethereum’s Institutional Demand Compare to Bitcoin?
Geoff Kendrick from Standard Chartered highlights that ETH treasury purchases have outpaced Bitcoin acquisitions, with ETH treasury companies becoming more influential in digital asset flows. The appeal lies in ETH’s staking yields and DeFi leverage, which offer regulatory and financial advantages over BTC holdings.
What Impact Does This Have on Ethereum’s Price?
Institutional buying has contributed to Ethereum’s recent price rally, with a 56.9% increase over the past month. The ETH-BTC ratio has risen from 0.018 in April to 0.032, reflecting ETH’s outperformance. If current flows persist, ETH could surpass the $4,000 USD mark by the end of 2025, according to expert forecasts.
What Are the Future Prospects for Corporate Ethereum Holdings?
Experts predict corporate treasuries could eventually hold 10% of Ethereum’s total supply, a tenfold increase from current levels. This growth is expected to continue as companies seek to capitalize on staking rewards, DeFi opportunities, and favorable regulatory conditions, positioning ETH as a strategic asset for long-term treasury management.
Frequently Asked Questions
What drives corporate interest in Ethereum over Bitcoin?
Corporate interest in Ethereum is driven by its staking rewards, DeFi leverage, and regulatory benefits, which offer higher potential returns compared to Bitcoin.
How much has Ethereum’s institutional holding increased recently?
Institutional Ethereum holdings have surged by 195% since mid-May, now totaling 2.33 million ETH worth $9 billion.
Can Ethereum’s price continue to rise with institutional demand?
Yes, continued institutional demand supported by staking and DeFi could push Ethereum’s price above $4,000 by the end of 2025.
Key Takeaways
- Institutional ETH Holdings Soar: Corporate treasuries increased Ethereum holdings by 195%, now owning 2.33 million ETH valued at $9 billion.
- Staking and DeFi Drive Demand: Financial incentives like staking rewards and DeFi leverage make ETH more attractive than BTC for treasury management.
- Future Growth Potential: Experts predict corporate treasuries could hold up to 10% of Ethereum’s supply, signaling strong long-term institutional interest.
Conclusion
The rapid accumulation of Ethereum by corporate treasuries underscores ETH’s growing role as a strategic digital asset. With staking rewards and DeFi opportunities fueling demand, Ethereum is positioned to outperform Bitcoin in institutional portfolios. As companies continue to increase their ETH exposure, the market could see significant price appreciation, making ETH a key asset to watch in 2025 and beyond.
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Corporate treasuries have significantly increased Ethereum holdings, highlighting growing institutional interest in ETH as a treasury asset.
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Key players like BitMine Immersion Technologies and SharpLink Gaming lead the charge with multi-billion dollar ETH reserves.
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Standard Chartered’s Geoff Kendrick emphasizes that ETH treasury companies could own up to 10% of Ethereum’s supply, driven by staking and DeFi advantages.
Corporate treasuries boost Ethereum holdings by 195%, now at $9B. Learn why ETH outperforms BTC and the potential for 10% supply ownership.
After Bitcoin (BTC), Ethereum (ETH) has become the preferred digital asset for corporate treasuries. Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, reveals that since June, firms have purchased 1% of ETH’s circulating supply, signaling a strong institutional appetite for Ethereum.
These corporate treasuries could eventually hold 10% of all ETH, a tenfold increase from current levels, according to Kendrick’s insights shared with industry observers.
Institutions Aggressively Accumulate ETH in June
Data from the Strategic ETH Reserve shows that 64 entities now collectively hold 2.33 million ETH, worth over $9 billion. This represents 1.93% of Ethereum’s total supply and marks a 195% increase from mid-May’s 789,705 ETH.
New entrants contributed 113,000 ETH (~$409 million) this quarter, indicating expanding institutional participation.

The Rise in Ethereum Holdings. Source: Strategic ETH Reserve
BitMine Immersion Technologies, initially committing $250 million, now holds over $2 billion in ETH and plans to increase to $4.5 billion, aiming for 5% of the supply. SharpLink Gaming has also expanded its holdings to $1.7 billion.
SHARPLINK GAMING NOW HAS $1.7 BILLION USD OF ETH
SharpLink Gaming ETH holdings have risen to $1.67 Billion as of last night, when the team acquired an additional $295M of ETH.
Will SBET become the MSTR of ETH? pic.twitter.com/nb8gshxcfX
— Arkham (@arkham) July 28, 2025
Kendrick notes that ETH treasury companies’ buying pace is double that of Bitcoin, driven by staking yields, DeFi leverage, and regulatory arbitrage advantages.
Why Corporate Firms Are Increasing Their Ethereum Holdings?
Corporate treasuries find Ethereum attractive due to inefficiencies in the traditional financial system and regulatory barriers. Staking rewards and DeFi opportunities unavailable through US ETFs enhance ETH’s appeal.
ETH’s recent price rally, up 56.9% in the past month, is partly attributed to institutional buying, with the ETH-BTC cross rising from 0.018 in April to 0.032.
Kendrick forecasts ETH could break above $4,000 by year-end if current flows continue, highlighting Ethereum’s potential for long-term growth.