The total ETH treasury reserves of 64 entities exceed US$10 billion
Internet reported that as of Thursday, ETH reserves were worth US$10.58 billion, and there were 64 entities holding more than 100 ETH. Data shows that this accounts for 2.26% of the total supply of ETH. The total $10 billion worth of funds includes bonds from publicly traded companies, cryptocurrency exchanges, DeFi protocols, non-profit organizations and the federal government. Currently, the largest holder of ETH is Bitmine Immersion Tech, which has shifted its main business from Bitcoin mining to ETH accumulation. The company holds 625,000 ETH (worth $2.42 billion), and its chairman Tom Lee has previously said its goal is to acquire and hold 5% of the Ethereum token supply. Following Bitmine is Joseph Lubin's SharpLink Gaming, which holds 438,200 ETH. Ether Machine announced on Wednesday that it holds 15,000 ETH, ranking third with 334,800 ETH.
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