Public companies have accumulated 7.63 mln Ethereum, worth nearly $19 bln

11.09.2026    14:36

Ethereum is becoming the second-largest digital asset after Bitcoin that public companies are using to build corporate cryptocurrency reserves.

According to The Block’s Ethereum Treasury Tracker as of September 9–10, 2026, nine tracked public companies hold a total of approximately 7.63 million ETH on their balance sheets. The value of these reserves is estimated at approximately $19 billion.

BitMine Immersion Technologies has emerged as the clear leader. The company announced on September 8 that it had increased its portfolio to 5.929 million ETH. In addition, BitMine holds 211 BTC, $593 million in cash and marketable securities, as well as a number of other investments.

The company estimates the total value of its cryptocurrency, cash, and marketable securities at $15.7 billion.

According to BitMine’s own estimates, the 5.93 million ETH it owns represents approximately 4.9% of the total Ethereum supply.

At the same time, the company has already staked about 5.067 million ETH. At the time of disclosure, BitMine estimated their value at approximately $12.6 billion.

SharpLink ranks second among public corporate holders of Ethereum with 868,700 ETH worth approximately $2.15 billion, while Dynamix Corporation ranks third with 496,700 ETH worth approximately $1.24 billion.

Next are Bit Digital with 158,500 ETH, BTCS with 70,100 ETH, and Forum Markets with 69,800 ETH.

Thus, BitMine alone controls about 78% of all ETH held in specialized corporate Ethereum reserves tracked by The Block.

The emerging model resembles the strategy Strategy began implementing with Bitcoin several years ago, but there is a significant difference with Ethereum. A company can not only hold the digital asset in anticipation of its value increasing but also stake it to earn additional returns.

At the same time, this model carries additional risks—ranging from ETH volatility to fluctuations in staking yields and a potential discount on the company’s stock relative to the value of its Ethereum holdings.

As of September 10, ETH is trading around $2,470.

Data source: Ethereum Treasury Tracker

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