Ether Treasuries and ETFs May Now Hold Over 10% of Supply, With SharpLink and BitMine Leading

• SharpLink holds ~839,000 ETH, generating nearly $950M in unrealized gains

• Corporate treasuries and ETFs together control about 10.3% of ETH supply (12.49M ETH).

• BitMine leads corporate holders with 2.83M ETH; ETF reserves total ~6.83M ETH.

Meta description: Corporate ETH holdings exceed 10% of supply as SharpLink and BitMine accumulate large reserves—read the latest data-driven treasury update. Learn more.

Treasury firms and ETFs now hold over 10% of ETH’s supply, with SharpLink and BitMine leading corporate accumulation.

SharpLink Gaming’s Ether holdings surged in value as ETH climbed nearly 4.5% in 24 hours, pushing the company’s unrealized gains close to $1 billion. On Oct. 7, SharpLink reported unrealized profit from ETH purchases surpassing $900 million since the accumulation began on June 2.

Strategic ETH Reserve data shows SharpLink holds 838,730 ETH on its balance sheet, worth around $3.93 billion at recent prices. That position equals approximately 0.69% of Ether’s total supply and places SharpLink among the largest corporate holders.

SharpLing Gaming records nearly $950 million in unrealized profit. Source: Strategic ETH Reserve

What is SharpLink’s ETH accumulation and unrealized gain?

SharpLink’s ETH accumulation is a multi-month buying program that has brought the firm to ~839k ETH. The strategy produced nearly $950 million in unrealized gains after Ether’s recent price rise to about $4,700, up from near $4,500 the prior day.

How did SharpLink build its position?

SharpLink scaled its position through steady purchases starting with 176,300 ETH and following with multiple buying waves across July and August. Since September, holdings stabilized near 839k ETH, while market appreciation increased the value on the balance sheet.

How large are Ether treasury companies’ collective holdings?

Corporate treasuries and ETFs now control roughly 12.49 million ETH, valued at about $58 billion, representing over 10.3% of ETH’s circulating supply. These reserves include both privately held treasury firms and exchange-traded fund allocations.

Which entities hold the most ETH?

BitMine Immersion Tech leads corporate treasuries with about 2.83 million ETH (~$13.25B). The Ether Machine holds nearly 500,000 ETH (~$2.32B). ETF reserves account for roughly 6.83 million ETH (~$32B), making ETFs a significant portion of corporate-level concentration.

Why does corporate accumulation matter for ETH markets?

Concentration in treasuries and ETFs reduces available supply on open markets and can amplify price sensitivity to inflows or outflows. Large on-balance-sheet holdings also create visible unrealized gains or losses that affect corporate reporting and investor sentiment.

What are the key data points to watch?

• Total ETH held by treasuries + ETFs: 12.49M ETH (~10.3% of supply).

• Largest corporate holders: BitMine (2.83M), SharpLink (~839k), The Ether Machine (~500k).

• ETF holdings: ~6.83M ETH (~5.63% of supply).

Frequently Asked Questions

How much of ETH’s supply do ETFs hold?

Exchange-traded funds hold approximately 6.83 million ETH, equal to about 5.63% of total Ether supply, representing the largest single category in institutional reserves.

Are these corporate holdings publicly disclosed?

Most figures derive from Strategic ETH Reserve reporting and company disclosures. These data points are public but may update as firms adjust treasury strategies.

Key Takeaways

• Concentration: Treasury firms and ETFs hold over 10% of ETH supply, increasing market concentration.
• Leaders: BitMine and SharpLink are the largest corporate accumulators, together holding over 3.66M ETH.
• Market impact: Large, on-balance-sheet ETH positions can magnify price moves and influence investor perception; monitor reserve updates and ETF flows.

Conclusion

Corporate ETH holdings have climbed to more than 10% of supply, led by SharpLink and BitMine, reshaping on-chain supply dynamics. Investors should monitor Strategic ETH Reserve figures, ETF flows, and company disclosures for signs of changing concentration or distribution. COINOTAG will continue tracking reserve data and reporting updates.