Ethereum is one of the most important digital assets in the world. Many public companies now hold large amounts of ETH on their balance sheets. These holdings are known as Ethereum treasuries.
These firms play a major role in the crypto market because they control a meaningful share of total ETH supply. Below are the top 10 Ethereum treasuries to watch, based on holdings and financial data.
BitMine Immersion stands far ahead of others. The company added 179,322 ETH in the last 30 days. Total Ethereum holdings now reach 4,422,659 ETH. This equals 3.664% of ETH supply, which is a considerably large portion.
The current value of these holdings is $8,522,289,083. Its mNAV stands at 1.01x. This shows the company’s market value is closely aligned with its asset base. With such a large reserve, BitMine Immersion has a strong influence on the Ethereum ecosystem.
SharpLink holds 864,840 ETH, which equals 0.717% of ETH’s supply. The company invested $3,103,209,477 to build this position. Today’s value is $1,666,512,496.
The difference between total cost and current value reflects market changes over time. Even with price swings, SharpLink remains one of the largest corporate Ethereum holders in 2026.
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The Ether Machine owns 496,712 ETH. This equals 0.412% of ETH’s supply. The current value of its treasury is $957,144,391.
There has been no reported activity in the last 30 days. Still, the size of its holdings keeps the company among the top Ethereum treasury firms.
Bit Digital holds 153,546 ETH, which equals 0.127% of ETH’s total supply. The total cost of this Ethereum position is $467,571,807. Today’s value stands at $295,878,807.
The lower current value compared to ETH’s movement highlights price instability. Despite this, the company maintains a strong Ethereum balance sheet.
Coinbase Global added 2,460 ETH in the last 30 days. Total holdings now stand at 151,175 ETH, equal to 0.125% of total ETH supply.
The company invested $348,975,000 in Ethereum. Today’s value is $291,308,250. Its mNAV is 35.36x, one of the highest on this list. As a major crypto exchange, Coinbase Global’s Ethereum treasury strategy receives close attention from investors.
BTCS owns 70,140 ETH. This equals 0.058% of total ETH supply. The current value of these holdings is $135,157,008. Its mNAV stands at 0.62x.
Even without recent additions, BTCS remains active in blockchain infrastructure and continues to hold a meaningful Ethereum reserve.
ETHZilla holds 69,802 ETH, which equals 0.058% of the total supply. The current value is $134,505,695. Its mNAV stands at 0.49x.
The holding size is close to BTCS. ETHZilla focuses heavily on Ethereum exposure, making it a pure ETH treasury company in 2026.
FG Nexus controls 40,088 ETH. This equals 0.033% of the total ETH supply. The current value of its holdings is $77,247,991. Its mNAV stands at 2.78x.
Although smaller compared to the top players, FG Nexus shows strong valuation performance relative to asset size.
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Galaxy Digital Holdings Ltd holds 29,200 ETH, equal to 0.024% of the total ETH supply. The company spent $117,203,000 to acquire this Ethereum position. Today’s value stands at $56,267,246. Its mNAV is 7.86x.
Galaxy Digital remains a major digital asset investment firm with exposure across crypto markets, including Ethereum.
Bullish holds 21,300 ETH, which equals 0.018% of ETH’s supply. The current value of its Ethereum treasury is $41,044,258. Its mNAV stands at 3.13x.
While its holdings are smaller than its counterparts on the list, Bullish remains an important institutional participant in the Ethereum market.
Together, these ten companies control a meaningful share of Ethereum’s total supply. Large corporate holdings reduce circulating supply and can influence market trends. When these firms increase or decrease their ETH positions, the market often reacts.
Ethereum continues to support decentralized finance, tokenized assets, smart contracts, and blockchain applications. Companies holding large ETH reserves show long-term confidence in this technology.
Tracking these Ethereum treasuries provides insight into corporate strategy, market strength, and the future direction of digital assets.
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What are Ethereum Treasuries?
Ethereum Treasuries are ETH holdings kept on a company’s balance sheet as a long-term digital asset reserve.
Why is BitMine Immersion important in 2026?
BitMine Immersion holds the largest ETH reserve at 4,422,659 ETH, making it the biggest corporate Ethereum holder.
How much Ethereum does SharpLink own?
SharpLink holds 864,840 ETH, which equals 0.717% of the total ETH supply.
What role does Bit Digital play in Ethereum holdings?
Bit Digital owns 153,546 ETH and remains one of the top publicly traded Ethereum treasury companies.
Why do corporate Ethereum holdings matter?
Large ETH reserves held by companies can reduce available supply in the market and impact price stability over time.