Public Firms Now Hold Over $409 Million in Ethereum | US Crypto News
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee, as Ethereum is no longer just for crypto-native players. A growing number of publicly listed companies are now holding ETH on their balance sheets, signaling a new phase of institutional adoption.
Crypto News of the Day: Fresh Public Companies Now Collectively Hold 113,000 ETHA new report by CoinGecko shows that total Ethereum holdings by public firms have surged to 1,002,666 ETH as of July 23, 2025, worth approximately $3.70 billion.
Of that, 113,000 ETH (about $409 million) is held by companies that disclosed their positions for the first time this quarter.
At the top of the leaderboard is SharpLink Gaming, which holds 360,807 ETH, now worth over $1.33 billion. Notably, over 95% of its ETH is deployed in staking and liquid staking platforms.
SharpLink has clearly positioned Ethereum as its core treasury reserve, a strategy aimed at both yield generation and long-term value preservation.
Second is BitMine Immersion, with 300,657 ETH tokens valued at $1.11 billion. Chaired by Fundstrat’s Tom Lee, BitMine has one of the most aggressive ETH accumulation targets on record. The firm aims to hold 5% of all ETH in existence, or roughly 6 million ETH.
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