Ether Treasuries Soar to $13B: The Wild Ride of Crypto’s Favorite Currency! 🚀

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Well, well, well! It seems the good ol’ Ether has taken a fancy to climbing heights that would make a mountain goat dizzy. The total Ether held by those enterprising companies with their crypto treasuries has ballooned to a staggering 3.04 million ETH, which, if my arithmetic serves me right, is worth a cool $13 billion. And all this as the price of our dear cryptocurrency gallivanted past the $4,300 mark! 💰

Just last Monday, Ether (ETH) decided to throw a party and climbed to a dizzying $4,332, marking a 20.4% increase in just a week, according to the ever-reliable CoinGecko. But, as is the nature of these things, it has since taken a little tumble, now lounging comfortably at $4,290. It appears that the ETH rally is being fueled by companies that have been hoarding this digital treasure like squirrels preparing for winter. 🐿️

Leading the pack is BitMine Immersion Technologies, which has decided that 833,100 ETH is a fine number to hold, marking a jaw-dropping 410.68% increase in just 30 days. I reckon they must have found a hidden stash of Ether under their couch cushions!

Next in line is SharpLink Gaming, with a respectable 521,900 ETH after a 141.69% boost in the same timeframe. And let’s not forget The Ether Machine, which has managed to grow its stack by a modest 8.01% to 345,400 ETH. These three companies alone account for more than half of the ETH hoarded by the top 10 treasury firms. Talk about a digital gold rush! 🏃‍♂️💨

Now, if we take a gander at the top 10 ETH treasury companies, they collectively hold a whopping 2.63 million ETH, which is about 2.63% of the total supply of this digital asset. Quite the treasure trove, wouldn’t you say?

Top 10 ETH Treasury Entities Hold Over $11.3 Billion

Thanks to this week’s price surge, the value of corporate ETH holdings has shot up like a rocket. Just last Monday, BitMine decided to splurge and bought 208,137 ETH, bringing its total to 833,100 ETH. At that time, those assets were worth about $2.9 billion, while ETH was lounging around $3,700. Now, with ETH trading at around $4,300, BitMine’s holdings are worth over $3.58 billion. They’ve officially crossed the $3 billion mark, and I bet they’re feeling like kings of the crypto castle! 👑

Last Tuesday, SharpLink Gaming decided to join the fun and boosted its holdings to 521,900 ETH after snagging 83,562 ETH. Back then, their stash was worth about $1.91 billion, but with ETH’s prices soaring past $4,300, their treasure is now worth over $2.23 billion. Talk about a windfall! 💨

According to the ever-watchful Strategic ETH Reserve (SER), SharpLink Gaming has racked up over $671 million in unrealized gains from its Ether escapades. That’s a tidy sum for a little digital currency!

On August 3, The Ether Machine decided to celebrate Ethereum’s 10th anniversary by purchasing 15,000 ETH. And just to keep the party going, they added another 10,600 ETH to their treasury on Sunday. Now they hold 345,362 ETH worth nearly $1.5 billion, keeping them firmly in the top three by holdings. 🎉

But it’s not just the big players making waves; smaller purchases were also made last week. On Friday, the HashKey exchange announced that Hong Kong-listed IVD Medical bought HK$149 million (about $19 million) in ETH from their trading platform. However, the exact amount of ETH remains a mystery, much like the whereabouts of my missing socks! 🧦

In total, SER data reveals that 64 treasury companies holding ETH have amassed a grand total of 3.04 million ETH, worth over $13 billion at current market prices. Now that’s what I call a treasure hunt gone right! 🏴‍☠️

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2025-08-11 12:55