Big Players Accumulate 240K ETH as Ethereum Treasuries Grow

Highlights:

• SharpLink, Bit Digital, and BTCS lead Ethereum treasury holdings with over $600 million in combined ETH
• Bit Digital exits Bitcoin mining, shifts to ETH staking and raises $162.9 million to expand treasury
• Ethereum records $9.7B inflows in one month, with net flows exceeding $1.3B in the last week

Ethereum adoption is accelerating among institutions as five public companies now hold over 240,000 ETH in their treasuries. The shift comes as Ethereum leads inflows and transaction activity while maintaining low network fees. Strategic moves by key firms reflect growing institutional belief in ETH’s long-term value.

Public Firms Build Large ETH Reserves

SharpLink Gaming holds the largest treasury at 198,167 ETH worth over $507 million, followed by Bit Digital and BTCS. Combined, the top three firms control more than $600 million in Ethereum. These holdings suggest a deliberate shift in capital allocation from Bitcoin to Ethereum.

Bit Digital, listed on Nasdaq, announced it will exit Bitcoin mining and focus entirely on Ethereum staking and treasury expansion. The company raised $162.9 million and plans to convert its 417 BTC holdings into ETH. It currently holds over 27,600 ETH, valued above $70 million.

CEO of Bit Digital stated, “We want to be the ETH company,” underscoring its full pivot toward Ethereum staking yields and tokenization. The company also sold off its Bitcoin mining assets. Following the announcement, Bit Digital’s stock rose 21% as investors reacted positively.

Ethereum Inflows, Net Activity, and Fees Boost Confidence

Ethereum recorded the highest inflows in the past month with over $9.7 billion in capital entering the network. In the last seven days alone, Ethereum posted net inflows exceeding $1.3 billion, far outpacing all other blockchains. This surge confirms increasing investor interest and institutional involvement.

Meanwhile, the U.S. Government moved Ethereum to Coinbase Prime after a test transaction, signaling potential custodial changes. Ethereum’s transaction fees dropped by 71% year-over-year, reaching just $0.10 per transaction. This decline in fees boosts its appeal as a scalable and cost-effective platform.

Low costs, high inflows, and large treasury holdings now position Ethereum as a strong institutional asset. Major entities continue accumulating ETH without signs of selling. As adoption spreads, Ethereum treasuries are quickly becoming a significant market force.