Bitmine leads this accumulation race with 1.5 million ETH in its possession. Many companies have borrowed to buy ETH, waiting for great appreciation. The institutional treasury that accumulate Ether (ETH), the cryptocurrency of Ethereum, have reached a historical milestone with 4 million ETH in their possession, driven by companies, DAO, foundations and governments. This volume, which It represents an increase of 3,500% since April 2025, when holdings added only 112,960 ethreflects a growing institutional interest in cryptocurrency. Bitmine Immersion Tech leads this trend with 1.5 million ETH, valued at 6,500 million dollars. The company, which is quoted on the stock market, began its treasury strategy on June 30 with a clear objective: control 5% of the ETH circulating supply. This movement seeks to consolidate its position in a rapid evolution market, as cryptootics reported. It follows, Sharplink Gaming, an betting company that also quotes on the stock market, which has also intensified its efforts. Between August 10 and 15, the company acquired 143,593 ETH, raising its reservation to 740,460 ETH. To finance these purchases, Sharplink raised 390 million dollars through a registered direct offer closed on August 11. In addition, he obtained 146 million dollars through its ease ATM, a mechanism that allows issues to be issued directly in the market to capture funds, which will be used to strengthen their ETH treasury. Other entities also stand out in this accumulation. The Ethereum Foundation has 231,000 ETH, occupying the fourth place among the largest institutional holders. Dao Gnosis, with 66,000 ETH, and the United States government, with 60,000 ETH, complete the list of relevant actors. Many of these organizations such as Sharplink and Bitmine have resorted to indebtedness to finance their purchases, betting on a significant revaluation of ETH in the future. This strategy reflects confidence in cryptocurrency potential, although it also introduces financial risks into a volatile market.
