The 7 largest listed Ethereum Treasury companies

The trend of listed companies that use crypto-treasury strategies may have started with Bitcoin, but it has since been extended to a wide range of digital assets-included the second largest crypto-active from Market Cap, Ethereum.

Now the race to accumulate ETH is led by key figures such as Fundstrat’s Tom Lee and Ethereum co-founder Joe Lubin, who defend public companies while collecting Ethereum and its future.

Per StrategicethReserve.xyzPublic entities with Ethereum treasuries maintain more than 3.7 million ETH with a value of almost $ 17 billion, from this letter, and more than 3% of the entire offer. These are the biggest holders from this letter.

1. Bitmine Immersion Technologies

Under the leadership of Crypto Bull and Fundstrat Cio Tom Lee, Bitmine Immersion Technologies burst on stage at the end of July when the company Detailed plans for an Ethereum Treasury.

In the past, Bitmine (BMNR) was previously focused on Bitcoin -Mijnbouw and for the first time has a private investment of $ 250 million in Public Equity (Pipe) fundraising to start his ETH purchases.

Since that time it has not looked back and bought 1,150,263 ETH or worth more than $ 5 billion from this writing.

The aggressive Koopspree coincided with Lee’s apparently inscrutable ETH price forecasts, including include Calls up to $ 60,000 ETH. That is a considerable multiple of the current price.

After planning an increase of $ 4.5 billion to collect it actively, Lee and Company increased their Offer with $ 20 billion in August Because Bitmine wants to expand the already leading Ethereum Treasury.

2. Sharplink Gaming

Gokmarketeer became Ethereum Treasury Company Sharplink Gaming Holds the second largest listed ETH Treasury.

The company Maintains 728,804 ETHOr $ 3.2 billion from the last release – to 73% of the road to the first purpose of collecting 1 million ETH.

Although the existing company of Sharplink had no immediate ties with crypto, the direct ties with Ethereum brought with it when it formed the board of directors. The company is Chairman Joe Lubin is the co-founder of Ethereum itself, and founder and CEO of Ethereum Software Company, Consensys, the maker of the popular crypto wallet, Metamasker.

(Disclaimer: Consensys is one of the 22 investors in an editorial independent Decodeer)

Lubin and company have followed Bitmine in a ruthless pursuit of Ethereum, which means that it collects money in different ways, including one Recently $ 400 million direct offerplus plans to collect up $ 6 billion through stock sales.

In July, the company Blackrock’s former head of the digital activation strategy added Joseph Chalom as his newly appointed CEO.

3. The ether machine

There is no doubt about the company of the ether machine, one Firm made public through a merger of the Ether Reserve, LLC and a blank check company earlier this year.

The third largest treasure chest on the list, the Ether machine currently has 345,362 ETH, or $ 1.5 billion against today’s ETH prices.

Financed with start-up capital and approximately 170,000 ETH from co-founder and chairman Andrew Keys, the Ether machine declared a mandate to work at the chain or to create a “machine” to grow its stock that distinguishes more passive battery drivers.

It has recently bought it About $ 40 million in ETH Use cash of a previously determined private placement. At the time of the start, it would be expected to use around $ 1.6 billion in total revenue to finance Ethereum purchases.

4. Coinbase

Leading American crypto exchange coinbase maintains an investment of approximately $ 602 million or 136,782 ETH, according to his Most recent 10-qinzing. That is more than 20,000 ETH larger than it ended with 2024 with When it had 115,700 ETH Based on an end of the year of 10 k.

The company also has more than 11,000 bitcoin as an investment and places it under the Top listed holders Of the largest crypto assets too.

First Reaching the public markets in 2021Shares in Coinbase made a new all time high In July 2025, Crypto companies continued to continue a series of success in addition to traditional shares.

5. BIT DIGITAL

Bitcoin Miner Bit Digital formed an Ethereum Treasury strategy in the second quarter of 2025. In just a few short months it is quickly added to his stock and jumps at the end of June to 121,076 ETH of 30,663 ETH from 11 August – now rated more than $ 530 million.

As part of its transition, the company ends its bitcoin -my -construction activities and becomes the re -use of funds for ETH accumulation. Public markets did not respond strongly to the strategy shift, because shares of BTBT years have only won 2.63% to date.

6. Ethzilla

Biotech firm 180 Life Sciences has renamed his company to ‘Ethzilla’, because it was the focus to a digital assets treasury focused on Ethereum.

The company raised $ 425 million at the end of July To start his treasury and quickly in the ranking of the Holder Sprong and received 82,186 ETH from 12 August, he appreciated around $ 362 million against today’s ETH prices.

A few weeks later, shares in Ethzilla (ATNF) tripled quickly After it was revealed that billionaire -tech investor Peter Thiel and related entities had bought a 7.5% interest in the company.

Regarding the unique name? Chairman of the board told Mcandrew Rudisil Decrypt In July it comes out of our focus to be one of the biggest holders of ETH in the world. “

7. BTCS Inc.

Blockchain Technology Consensus Solutions (BTCS) has 70.140 ETH, worth around $ 309 million from mid -August.

The company has a proactive strategy to acquire more Ethereum, so that its ETH works on the chain with the help of what is described as a “powerful Defi/Tradit-Financial Model” to generate value for shareholders.

In addition to acquiring ETH, the company also strengthened its treasury with three Ethereum-based Pudgy Penguins NFTS in August.

BTC’s recorded record income in Q2 of $ 2.77 million, which marked an increase of 394% on an annual basis. Shares have risen nearly 90% years to date.