Companies and Wall Street organizations are beginning to acknowledge Ether as the next emerging treasury asset as the world\u2019s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday.<\/p>\n
Ethereum launched on July 30, 2015, bringing forth smart contract capabilities and establishing the groundwork for the decentralized finance (DeFi)<\/a> ecosystem. The network has sustained 10 years of consistent uptime.<\/p>\n In honor of the occasion, Cointelegraph examined the five largest corporate Ether (ETH<\/a>) holders, highlighting Ether\u2019s increasing status as a strategic reserve asset among publicly traded companies.<\/p>\n The publicly traded Bitcoin (BTC<\/a>) mining entity, BitMine Immersion Technologies, stands as the largest ETH treasury firm, holding 625,000 ETH or 0.52% of the total circulating ETH supply. The miner previously indicated plans to acquire up to 5% of Ether\u2019s supply, signaling further investments after the company declared<\/a> a $1 billion stock buyback program on Tuesday.<\/p>\n In second position is Nasdaq-listed Sharplink, with 438,190 ETH as its \u201cprimary\u201d treasury reserve asset. The firm acquired<\/a> $290 million worth of Ether between July 21 and July 27 at an average cost of $3,756.<\/p>\n Related: <\/strong><\/em>Ether Machine addresses demand with $1.5B institutional ETH vehicle: Finance Redefined<\/strong><\/em><\/a><\/p>\n Bit Digital ranks as the third-largest corporate ETH holder, with a total of 100,603 ETH in its possession. On July 7, the firm announced<\/a> its shift to an Ethereum treasury approach, which involved a $172 million public equity raise and the conversion of its balance sheet from Bitcoin to Ether.<\/p>\n Ethereum node validator BTCS Inc. ranks fourth, with a total of 70,028 ETH holdings. BTCS revealed<\/a> the conclusion of a $10 million convertible note issuance program on Monday, raising the firm\u2019s total capital to $207 million for 2025 alone.<\/p>\n GameSquare Holdings Inc., a media and technology company, completes the top five with 12,913 ETH. The company has allocated<\/a> $250 million for a more extensive crypto treasury management strategy.<\/p>\n Related: <\/strong><\/em>35 corporations now own at least 1,000 Bitcoin as corporate adoption increases<\/strong><\/em><\/a><\/p>\n According to Gracy Chen, CEO of crypto exchange Bitget, institutions are increasingly recognizing Ethereum as the next significant digital reserve asset.<\/p>\n \u201cGiven the high probability that global assets will be tokenized on the blockchain, Ethereum possesses a competitive edge in capturing a substantial portion of this market,\u201d Chen stated to Cointelegraph. \u201cConsequently, institutional investors see Ethereum as the next emerging treasury asset after Bitcoin.\u201d<\/p>\n \u201cWall Street firms and the wider TradFi sector are merely starting to embrace the notion of Ethereum as a treasury reserve asset,\u201d she added.<\/p>\n Ether treasury acquisitions have surged significantly over the past months. Since June, crypto treasury firms have bought more than 1% of ETH\u2019s circulating supply<\/a>, surpassing Bitcoin-centric firms during the same timeframe, as noted in a report issued on Tuesday by Standard Chartered.<\/p>\n The report indicated that Ethereum-focused treasury firms may hold up to 10% of the total supply in the long term, referencing regulatory arbitrage opportunities and programmable yield via staking and DeFi.<\/p>\n Coupled with robust inflows into US spot Ether exchange-traded funds, the ongoing institutional accumulation could assist in driving ETH beyond the $4,000 mark \u2014 Standard Chartered\u2019s year-end price target.<\/p>\nWall Street is \u201cbecoming receptive\u201d to Ether as a treasury reserve asset<\/h2>\n