Top 10 Ethereum Treasuries in 2025: Here’s The List!

Fresh data on Ethereum treasury holdings shows how public companies are expanding their exposure to ETH coin at a pace not seen in years. 

With more than 5.4 million ETH held institutionally and a total market value near 19.4 billion dollars, these positions offer a clear snapshot of where corporate conviction is heading. 

Several companies have accumulated significant additional reserves over the past month, signaling a shift in long term strategy as Ethereum’s role in global digital infrastructure strengthens. 

This report highlights the leading ten companies, their current balances, recent activity, and the share of total ETH supply under their control.

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Top 10 Ethereum Treasuries in 2025 Based on Latest Institutional Holdings

The top ten list includes BitMine Immersion, SharpLink, The Ether Machine, Bit Digital, Coinbase Global, ETHZilla, Galaxy Digital Holdings, BTCS, Fundamental Global, and GameSquare Holdings. 

Bit Digital holds 150,244 ETH valued at about 539.38 million dollars, while GameSquare closes the ranking with 15,630 ETH. ETHZilla is the only company among the top ten that recorded a decline, reducing its holdings by 8,296 ETH over the past month. 

Collectively, these companies control a substantial portion of circulating ETH, each with differing strategies shaping their treasury behavior. 

Some focus on aggressive additions, while others maintain long established reserves, offering a wide view of institutional priorities across the digital asset landscape. 

Read Also: Bitcoin Treasury List: Companies and Countries Holding the Most Bitcoin in 2025

Here’s the list of top 10 Bitcoin Treasuries:

1. BitMine Immersion 

BitMine Immersion leads the global ethereum treasury ranking with 3,395,422 ETH. The holdings are valued at more than 12.18 billion dollars, placing the company far ahead of any other public entity. 

It also recorded the largest monthly increase, adding 565,271 ETH in the last thirty days. The company now controls about 2.813 percent of the circulating supply. BitMine Immersion’s aggressive expansion signals a strong long term position backed by its infrastructure driven operations.

2. SharpLink 

SharpLink holds 859,853 ETH worth over 3.08 billion dollars. The company added 19,271 ETH in the past month, making it one of the most active institutional buyers outside the top spot. 

With approximately 0.712 percent of the total supply, SharpLink maintains a steady pace of accumulation that reflects a disciplined treasury approach. Its consistent activity has made it a notable reference point for analysts monitoring corporate ETH adoption.

Read Also: Ethereum ETFs and Treasury Acquire 3.2% of ETH Supply Since June

3. The Ether Machine 

The Ether Machine maintains 496,712 ETH valued at around 1.78 billion dollars. It did not record any movement in the past thirty days, suggesting a long term holding strategy. Controlling 0.412 percent of the supply, the company’s stable position shows how institutions with established reserves often maintain their stance even during periods of market fluctuation.

4. Bit Digital

Bit Digital holds 150,244 ETH with a total value of about 539.38 million dollars. Although it has not shown recent accumulation, its current reserves are still among the largest in the public market. 

The company remains a major participant in institutional ETH storage due to its mining operations and continued exposure to digital assets.

Read Also: Corporate Solana Holdings: The Rise of SOL as a Treasury Asset

5. Coinbase Global 

Coinbase Global owns 148,715 ETH valued at 533.89 million dollars. With an additional 11,933 ETH purchased in the last month, Coinbase continues its steady expansion strategy. 

Holding 0.123 percent of the supply, the company’s movements are closely watched due to its position as one of the most influential publicly traded crypto firms.

6. ETHZilla 

ETHZilla controls 94,030 ETH worth more than 337.57 million dollars. It is the only company in the top ten that recorded a net decrease, reducing its reserves by 8,296 ETH this month. 

Despite the decline, ETHZilla remains a significant institutional holder, reflecting diverse treasury strategies across the sector.

Read Also: Mainstream Holds, Privacy Explodes, AI Cools – Back to Basics!

7. Galaxy Digital Holdings 

Galaxy Digital Holdings has 90,521 ETH valued at roughly 324.97 million dollars. The company did not record recent activity but maintains a strong position due to its extensive involvement in digital asset infrastructure, investment services, and institutional trading.

8. BTCS 

BTCS holds 70,140 ETH with a total value exceeding 251.8 million dollars. As a blockchain infrastructure company, BTCS continues to manage a sizeable position in ETH that supports its broader operational ecosystem. The company remains consistent in maintaining its long term asset allocation.

9. Fundamental Global 

Fundamental Global owns 47,331 ETH worth about 169.92 million dollars. There has been no new accumulation in the past month, but its holdings remain substantial. The company’s treasury management approach leans toward stability rather than frequent rebalancing.

Read Also: About Ripple Gateway What is it and How to use it

10. GameSquare Holdings

GameSquare Holdings completes the top ten list with 15,630 ETH valued at roughly 56.11 million dollars. While smaller than others in the ranking, GameSquare’s position highlights growing corporate interest from sectors outside crypto mining and financial infrastructure.

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Conclusion 

The latest Top 10 ethereum treasuries ranking highlights growing institutional interest in ETH as a long term asset. Strong monthly accumulation from several companies points to rising confidence in Ethereum’s future utility and resilience. 

Both active buyers and passive holders play a role in shaping market expectations, and their collective influence will likely expand as Ethereum adoption increases. The continuing changes in corporate reserves provide an important reference for investors watching institutional trends.

FAQ

What is an ethereum treasury?

It refers to the ETH reserves held by a public company or entity as part of its operational or investment portfolio.

Why do ethereum treasuries matter?

Large institutional holders contribute to market stability and signal corporate confidence in ETH.

How is a treasury ranking determined? 

Rankings are based on the total volume of ETH held, recent activity, and the market value of the reserves.

Can treasury changes affect ETH price?

Significant buying from major companies can increase demand and influence short term price movement.

Do treasury rankings change frequently? 

Yes. Balances shift as companies buy, sell, or adjust their ETH positions along with market fluctuations.