TLDR
- BitMine becomes the largest Ethereum holder with 833,000 ETH valued at $2.9 billion.
- Ether Machine adds 10,605 ETH, boosting its total holdings to 345,362 ETH.
- SharpLink increased ETH holdings by 18,680 ETH, reaching $1.8 billion.
- Ethereum’s price surges 5.68%, driven by institutional acquisitions from BitMine, Ether Machine, and SharpLink.
Ethereum price saw a notable increase of 5.68%, reaching $3,682.93, as institutional investors such as BitMine, Ether Machine, and SharpLink boosted their Ethereum treasuries. The combined total of ETH holdings for these companies has a result exceeded $1.35 million ETH, signaling a strong institutional interest in the asset. This surge in Ethereum’s price has sparked optimism that it may revisit the psychological $4,000 level in the near future.
BitMine Becomes the Largest Ethereum Treasury Holder
BitMine, a major player in the Ethereum treasury market, has significantly expanded its holdings. In just 35 days, the company acquired 833,000 ETH, which is now valued at over $2.9 billion. This acquisition has made BitMine the largest Ethereum treasury in the world.
The latest purchase was finalized at an average price of $3,491.86 per ETH, which aligns with the company’s goal of acquiring 5% of the total circulating supply of ETH. Tom Lee, BitMine’s chairman, emphasized that the company’s strategy is focused on long-term value creation through Ethereum staking and yield generation.
This fast-paced acquisition, as a result, mirrors strategies seen in the Bitcoin market, notably the approach taken by MicroStrategy in 2020.
SharpLink Increases Ethereum Holdings to $1.8 Billion
SharpLink Gaming has also increased its Ethereum holdings by acquiring 18,680 ETH, valued at $66.6 million. This raises its total Ethereum holdings to about $1.8 billion, making it the second-largest public Ethereum holder, behind BitMine. The acquisition, made through Galaxy Digital OTC, highlights SharpLink’s growing interest in Ethereum as a key part of its investment strategy.
The company’s move is fueled by Ethereum’s dominance in decentralized finance (DeFi). Ethereum supports decentralized exchanges and stablecoins, both critical to the cryptocurrency ecosystem. SharpLink’s acquisition as a result reflects confidence in Ethereum’s long-term growth and its central role in DeFi.
One month in at @ethereumfndn leading the new EF Enterprise team.
One thing is clear: Ethereum is the Liquidity Layer for the internet of value. It is the backbone of the onchain economy and the data speaks for itself:
→ 90% of RWAs live on Ethereum & L2s
→ DeFi TVL is 9x the… pic.twitter.com/JPi2DxdiZt— David (@davwals) August 4, 2025
David Walsworth, Enterprise Lead of the Ethereum Foundation, emphasized Ethereum’s importance, noting that 90% of real-world assets are now represented on the network. Consequently, with over $170 billion in decentralized exchange volume and a robust validator network, Ethereum continues to attract institutional investments, like those from SharpLink.
Ether Machine Expands Its Holdings and Staking Infrastructure
Ether Machine, another prominent Ethereum treasury firm, has also been actively acquiring ETH. The company recently purchased an additional 10,605 ETH, valued at $40 million, bringing its total holdings to 345,362 ETH. The purchase was funded through a recent $97 million private placement.
Ether Machine focuses on enhancing Ethereum’s on-chain infrastructure by staking and restaking ETH to generate yield. Chairman Andrew Keys stated that the company’s mission is to grow Ethereum’s capital base and support the network’s long-term development. Ether Machine was formed through the combination of The Ether Reserve LLC and Dynamix Corporation, further strengthening its position in the Ethereum ecosystem.
Institutional Interest Continues to Drive Ethereum’s Growth
Consequently, the growing Ethereum treasuries of BitMine, Ether Machine, and SharpLink reflect the increasing institutional interest in the asset. Ethereum’s dominance in the DeFi ecosystem, with over $170 billion in volume processed, and its role in stablecoins has attracted major players in the cryptocurrency space.
Furthermore, Ethereum’s decentralization and 10 years of uptime make it a reliable and secure network for large-scale investments.
As Ethereum’s price surges, the institutional acquisitions of ETH from these companies may contribute to continued growth in the market. With their growing influence, BitMine, Ether Machine, and SharpLink are poised to play a significant role in Ethereum’s long-term development and overall market trajectory.
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