Ethereum was able to maintain its global finance position as its institutional and systematic holdings of ETH exceed $20.32 billion. As of September 3, 2025, 71 organizations had 4.71 million ETH, which is 3.90% of the total circulation supply.
Organization owns Ethereum
Organizations continue to expand their holdings of Ethereum, solidifying the role of cryptocurrency in traditional financial markets. The total strategy $ETH reserve holdings by these organizations amount to $4,710,000 ETH ($20.32B), representing pic.twitter.com/RTX5GPP5OS.
– Phoenix – Crypto News & Analytics (@PNXGRP) September 3, 2025
This prominent concentration reflects the increased reliance on Ethereum as a reserve and as a tool for digital infrastructure.
Bitmine Immersion Tech leads with a holding of $850 million
Bitmine Immersion Tech (BMNR) is considered to be the largest holder of Ethereum, the largest organization, boasting over 1.87 million ETH worth $8.05 billion. When investing a lot of capital, Bitmine expresses its institutional belief in future expansion and acceptance of Ethereum.
Sharplink games and ether machines expand strategic reserves
Second place is Sharplink Gaming (SBET) with 837,230 ETH, valued at $3.6 billion. The company’s exposure shows an increase in the contributions of gaming and entertainment companies in adopting digital assets.
The Ether Machine (DYNX) is right behind at 495,360 ETH, which amounts to $2.14 billion. These figures highlight the growing interest in Ethereum among high-tech companies. Such figures reflect the extent to which non-financial institutions incorporate Ethereum into broader business practices.
Ethereum Foundation and Palse Shane in Keychains
The Ethereum Foundation itself, which includes a minimum of 231,630 ETH, is currently valued at $998.8 million. This distribution is a key trade-off between both maintenance development and reserves to ensure further innovation in assets.
Pulsechain SAC (PLS) owns 166,300 ETH, which is worth $717.1 million. That kind of interest indicates that the holder includes both nonprofits and blockchain native projects.
Coinbase and BitDigital strengthen the crypto market’s position
Coinbase (Coin), one of the leaders of the global exchange, holds 136,780 ETH, worth $589.8 million. Its large reserve highlights two capabilities. That is, it is the role of custody and market leaders who provide liquidity to millions of retail and institutional clients.
BIT Digital (BTBT) creates a list worth 120,310 ETH or $518.8 million. As a digital infrastructure company, Bit Digital’s asset acquisition can be seen as a broader diversification strategy for the digital mining and asset management domain.
Ethzilla, Mantle and Golem Foundation round out their top 10
Ethzilla (Ethz) attracted 102,240 ETH, worth $440.8 million.
Mantle (MNT) owns 101,870 ETH, valued at $439.3 million, and is one of the blockchain scaling players with substantial capital resources.
The last entry in the top ten list was the Golem Foundation (GLM), which owns 100,780 ETH, worth $434.6 million. One of the first dispersal effort in Ethereum history, the remaining reserves owned by the Golems prove to be consistent with the success of the Ethereum project in the long run.
Ethereum’s institutional adoption indicates market maturity
The reserves of these 71 organizations as a group serve as a sign of the rapidly increasing institutional adoption of digital assets. Holding 4.71m of ETH accounts for 3.9% of the total supply, providing substantial presence in the ecosystem.
Various holders, including gaming companies, blockchain foundations, exchanges and large miners, explain why assets are becoming more than just investments. With market maturation, Ethereum has established itself as a multifaceted financial and technical foundation, which allows it to secure its place in the emerging digital economy.
