Ethereum Treasuries & Spot ETFs Now Control Over 10% of Total ETH Supply - Market Power Concentrates

Digital gold rush sees institutional players amass unprecedented Ethereum holdings

The Great Accumulation

Institutional whales and spot ETF providers have quietly built positions representing more than 10% of all existing Ethereum—a staggering concentration that reshapes the entire crypto landscape. These aren't your average crypto bros playing with pocket change.

Supply Squeeze Incoming?

With treasuries and ETFs locking up massive chunks of ETH, available liquid supply tightens by the day. Traditional finance finally understands digital scarcity—though they're about five years late to the party as usual.

Market makers watch circulation dwindle while Wall Street tries to figure out what actually gives crypto its value beyond their spreadsheets.

Institutions Hold More Than 12 Million ETH

According to StrategicETHReserve, treasuries and ETFs now control 12.48 million ETH, about 10.31% of all Ethereum. Treasury companies now hold 5.66 million ETH (about 4.68%), and ETFs control 6.81 million ETH (around 5.63%).

Recently, more money has been going into spot ETFs, and companies are adding ethereum to their balance sheets. Big players are starting to treat ETH as a solid long-term investment. Just like Bitcoin before, big players are starting to view ETH as a reliable long-term investment.

ETF Inflows and Corporate Adoption

Spot ETFs have seen strong inflows in recent months. According to SoSoValue, U.S. spot Ether ETFs recorded $621.4 million in net inflows in October, compared with $285.7 million in September, and $3.9 billion in August.

SharpLink and BitMine Take the Lead

SharpLink, a gaming company, has grown its Ethereum holdings a lot since it started a treasury strategy in June 2025. The company has already seen unrealized profits exceed $900 million. It now owns 839,000 ETH and carries no debt, which strengthens its financial position and adds value for its shareholders.

The largest corporate holder is BitMine Immersion Technologies, which last week bought 179,251 ETH (worth about $823 million), bringing its total to 2.83 million ETH, valued at $13 billion. The Ether Machine holds 496,000 ETH (around $2.28 billion), placing it third among major corporate holders.

Bitmine just bought another 179,251 ETH

They now hold 2.83 MILLION ETH, worth $13 billion dollars

SharpLink is in 2nd place with 838K ETH

The Ethereum foundation is in 4th with 222K ETH

SEND ETH TO $10,000!! pic.twitter.com/4I6W5qWUDr

Other Key Holders

The Ethereum Foundation retains 222,000 ETH, worth just over $1 billion. Other notable holders include Coinbase, PulseChain Sac, and Bit Digital, each with more than 100,000 ETH. Even the U.S. government reportedly holds about 60,000 ETH, worth roughly $275 million.

A Turning Point for Ethereum

Hitting 10% is a big deal. Ethereum isn’t just for developers anymore; companies, big investors, and even governments are starting to take it seriously. With more money coming in through ETFs and businesses holding more ETH, it’s becoming a bigger player in the world of finance.

Also Read: Ethereum Foundation Swapped 1,000 ETH to Stablecoins via CoWSwap