Entities holding Ethereum treasuries now collectively control over$10 billion worth of ETH. Data from the Strategic ETH Reserve shows 64 organisations hold 2.73 million ETH, accounting for 2.27% of the total supply, highlighting the growing corporate adoption of Ethereum.

Leading the accumulation are Bitmine Immersion Tech, Sharplink Gaming, and The Ether Machine, together holding more than 1.3 million ETH. Most of these acquisitions occurred in under three months, with Bitmine alone now holding over$2 billion worth of ETH.

Public companies continue to plan further purchases, though they are taking a measured approach to limit risks.

Ethereum's price has steadied around$3,700-$3,800, stalling short of the$4,000 mark investors had hoped to see on the token's 10th anniversary. Despite this, on-chain activity remains strong, with over 680,000 active wallets and ETH showing significant gains independent of Bitcoin.

DeFi protocols, crypto-native organisations, and even governments also feature among the largest ETH holders. The Ethereum Foundation ranks fourth with 234,600 ETH, while the US government, Michigan State, and Bhutan maintain reserves, demonstrating Ethereum's broad adoption across sectors.