Corporate treasuries have seen a significant surge in cryptocurrency purchases. Bitcoin (BTC) and Ethereum (ETH) are leading the race after the US SEC approved BTC and ETH ETFs in 2024. Ethereum (ETH) has seen a massive rise in interest among public companies. Let’s look at the top Ethereum (ETH) holding public companies.
Top Companies That Hold ETH
SharpLink Gaming leads the pack with 438,190 ETH. The public company’s Ethereum (ETH) holdings are valued at around $1.6 billion. SharpLink Gaming is an online performance marketing company. The firm’s bullish outlook on ETH comes as no surprise, as it is helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin.
The second-largest Ethereum (ETH) holding public company is Bitmine Immersion. The firm holds 300,657 ETH, valued at about $1.13 billion. Earlier in June, the company raised $250 million via a private placement to further fund its ETH appetite.
Also Read: Ethereum Surpasses Costco in Value: How High ETH Plans To Surge?
Popular cryptocurrency exchange Coinbase takes third place among the largest Ethereum holding companies. Coinbase owns 137,300 ETH, valued at roughly 520 million. While the number of coins is still large, ConiBase’s holdings are far less than the first two biggest ETH holders.
Big Rally Imminent?
Ethereum (ETH) has seen a big price rally since its Pectra upgrade in May 2025. The asset is inching closer to reclaiming the $4000 price point, a level last tested in December of last year.
ETH’s price is currently up by 2.7% in the weekly charts, 19.5% in the 14-day charts, 53.2% in the monthly charts, and 12.9% since July 2024. Despite the rally, ETH has suffered a 1.8% correction in the last 24 hours, according to CoinCodex ETH data.
The dip over the last 24 hours could be due to the upcoming interest rate announcement by the Federal Reserve. There is a very low chance that the Federal Reserve will cut interest rates after the FOMC meeting. High interest rates may be keeping retail investors at bay.
