How Much Ethereum Do Public Companies Actually Own?

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In 2025, Ethereum emerged as a serious contender for corporate treasury allocations, following in the footsteps of Bitcoin’s earlier adoption by companies like Tesla, MicroStrategy, and Block. While Bitcoin pioneered the concept of holding digital assets on corporate balance sheets, Ethereum’s growing utility, scalability improvements, and robust DeFi ecosystem are driving a rapid crypto adoption rate among institutions, making it an attractive crypto to hold long-term within corporate portfolios.

Ethereum is attracting institutional interest due to the successful rollout of scalability upgrades like Danksharding, the expansion of Layer 2 networks, and the rise of tokenized real-world assets (RWAs) on its blockchain. These developments position Ethereum as an investment asset and an infrastructure layer for future financial systems, making it a compelling choice for corporate treasuries.

Why Companies Are Investing in Ethereum

Companies are increasingly viewing ETH as a long-term store of value and a potential hedge against inflation and fiat currency risks. While Bitcoin still dominates corporate treasury discussions as “digital gold,” Ethereum offers an additional layer of utility through its robust ecosystem of smart contracts and decentralized applications. For firms seeking both capital appreciation and strategic positioning in emerging digital economies, ETH is becoming an appealing choice.

Beyond price appreciation, holding Ethereum provides companies with direct exposure to high-growth sectors like DeFi, NFTs, and tokenized assets. By integrating ETH into their portfolios, corporations can tap into blockchain-driven innovation and position themselves as early movers in markets that could reshape finance, entertainment, and commerce.

For many brands, investing in ETH is also a statement of forward-thinking identity. It signals to stakeholders that the company is financially innovative and aligned with cutting-edge technology trends.

How Much Ethereum (ETH) Do Public Companies Own?

As of August 8, 2025, public companies worldwide collectively hold 2,428,001 ETH, valued at approximately $10.17 billion USD. This positions Ethereum as a meaningful component of corporate treasury portfolios.

Total Ethereum Holdings for Public Companies. Source **Coingecko**

This ownership represents around 1.45% dominance among public companies in the broader crypto space, reflecting not only a rising crypto adoption rate in the corporate sector but also growing recognition of Ethereum as a crypto to hold long term for strategic advantage.

A total of 17 publicly traded companies currently report Ethereum holdings, showing that interest is not just widespread but focused among a select set of forward-looking institutions.

Top 10 Public Companies Holding Ethereum

Bitmine Immersion Technologies (NASDAQ: BMNR, US) – Holds 1,150,263 ETH worth approximately $4.824 billion, representing 0.953% of total ETH supply, making it the largest corporate holder.
Sharplink Gaming (NASDAQ: SBET, US) – Owns 728,804 ETH valued at $3.056 billion, accounting for 0.604% of ETH’s total supply.
Coinbase Global, Inc (NASDAQ: COIN, US) – Holds 136,782 ETH worth $573.715 million, representing 0.113% of total ETH supply.
Bit Digital, Inc (NASDAQ: BTBT, US) – Owns 120,306 ETH valued at $504.608 million, equivalent to 0.100% of total ETH supply.
ETHZilla (NASDAQ: ETHZ, US) – Owns 94,675 ETH worth $397.102 million, equivalent to 0.078% of ETH supply.

BTCS Inc. (NASDAQ: BTCS, US) – Holds 70,140 ETH worth $294.193 million, representing 0.058% of ETH’s total supply.
Fundamental Global (NASDAQ: FGBX, US) – Owns 47,331 ETH worth $198.524 million, representing 0.039% of total ETH supply.
The Ether Machine (NASDAQ: DYNX, US) – Owns 25,605 ETH worth $107.397 million, equivalent to 0.02% of ETH supply.
GameSquare Holdings (NASDAQ: GAME, US) – Holds 15,630 ETH valued at $65.558 million, representing 0.013% of total ETH supply.
Bitcoin Group SE (BTGGF: TCMKTS, DE) – Holds 10,374 ETH valued at $43.512 million, accounting for 0.009% of ETH supply.

How Companies Are Leveraging Ethereum in 2025

In 2025, these publicly traded companies are integrating Ethereum into their operations, going beyond simply holding ETH as a treasury asset.

On-chain payments and settlements

Some enterprises use ETH to settle cross-border transactions faster and at lower costs compared to traditional payment rails. The programmable nature of Ethereum enables direct peer-to-peer settlements without intermediaries, streamlining vendor payments, royalty disbursements, and B2B transactions.

Corporate NFT projects and digital asset branding

Companies are launching branded NFT collections and tokenized experiences to engage customers, reward loyalty, and build new digital communities. From sports franchises issuing collectible passes to luxury brands creating token-gated events, Ethereum’s NFT infrastructure is leading these initiatives due to its liquidity and market reach.

Smart contracts for supply chain, licensing, and automation

Enterprises deploy Ethereum-based smart contracts to enhance transparency, trace product origins, automate licensing agreements, and reduce administrative overhead. This is useful in industries like logistics, entertainment, and manufacturing, where verifiable onchain records can significantly cut costs and mitigate disputes.

Risks and Regulatory Implications

While Ethereum offers transformative potential for businesses, its adoption comes with notable financial, legal, and operational risks that companies must navigate carefully.

Price volatility and balance sheet impact

Ethereum’s price can swing dramatically within short timeframes, creating significant mark-to-market fluctuations on corporate balance sheets. It can affect quarterly earnings reports, shareholder sentiment, and credit ratings if large ETH holdings lose value rapidly.

Accounting and tax considerations for digital assets

In most jurisdictions, ETH is classified as an intangible asset, meaning companies must record impairment losses if its value drops, but cannot mark it up until sold. Additionally, tax treatment varies: some countries tax crypto gains as capital gains, while others treat them as income. This creates complex reporting requirements for finance teams.

Compliance challenges in different jurisdictions

Operating with Ethereum across multiple regions means navigating inconsistent and evolving regulations. Some countries impose strict AML and KYC rules on blockchain transactions, while others may restrict or ban certain crypto activities. Businesses must ensure all ETH operations comply with local laws to avoid penalties or reputational risks.

Final Thoughts: The Growing Corporate Bet on Ethereum

Corporate interest in Ethereum is steadily rising, with more companies integrating ETH into their operations for payments, tokenized assets, and smart contract-based automation. As these holdings grow, they could contribute to Ethereum’s market stability by reducing available supply and signalling long-term confidence from major institutions.

Looking ahead, the next wave of institutional Ethereum crypto adoption will likely be driven by clearer regulations, scalable Layer 2 solutions, and broader integration with TradFi systems. If these factors align, Ethereum could cement its position as a foundational layer for enterprise blockchain use, potentially reshaping how global commerce, asset management, and digital services are executed.

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.

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