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The 7 Largest Publicly Traded Ethereum Treasury Firms

Secret3 AI

26 Sep 2025 — 1 min read

Publicly traded companies are accumulating Ethereum in significant quantities, now holding over 5.25 million ETH, valued at more than $20.9 billion, which constitutes over 4% of the total ETH supply. The leading firms in this growing market include BitMine Immersion Technologies, which has amassed a staggering 2,416,054 ETH, valued at around $9.60 billion. Following closely is SharpLink Gaming, holding 1 million ETH, worth about $3.33 billion. The Ether Machine, a newer entity, also ranks high with 495,362 ETH valued at nearly $1.95 billion. Other notable companies include Coinbase and Bit Digital, which are strategically enhancing their Ethereum reserves. Coinbase holds about 136,782 ETH while Bit Digital plans to pivot entirely toward Ethereum. Additionally, the rebranded ETHZilla (formerly 180 Life Sciences) and BTCS Inc. showcase diversification into Ethereum-based assets and dividends paid in ETH. As the trend grows, many of these firms plan to utilize their Ethereum reserves in various decentralized finance applications, setting a precedent for institutional engagement with crypto assets.

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What Would a Government Shutdown Mean for Crypto?

The UK needs regulatory clarity that matches ambition

Retail and Quants Boost DEX Adoption as Institutions Stick With CEXs

Kickflips for Crypto? This Project Will Pay $28K for a Guinness World Record