Ethereum is gaining significant momentum among institutions, surpassing a critical milestone as holdings within strategic reserves recently reached approximately 1% of the total ETH supply. According to the Strategic ETH Reserve tracker, institutional holdings have now risen to 1.19 million ETH, valued at almost $3 billion.
Just five entities account for over 70% of these reserves, demonstrating a highly concentrated institutional adoption pattern. At the forefront is the Ethereum Foundation, currently holding 269,431 ETH. SharpLink, a Nasdaq-listed gaming firm, secured a substantial reserve of 176,271 ETH on June 13 and has staked around 95% of its holdings.
Joining the growing roster of institutional holders is Status, providing an Ethereum-based messaging and wallet application that entered the reserve picture on June 19 by acquiring 23,066 ETH, worth approximately $2.9 million.
Other notable institutional organizations maintaining substantial Ethereum reserves include the Ethereum-focused Golem Foundation, Coinbase exchange, and PulseChain, a layer-1 blockchain network. Interestingly, the U.S. government has also notably accumulated Ethereum holdings, currently owning roughly 60,000 ETH primarily acquired through asset seizures.
While Bitcoin remains the most popular cryptocurrency for strategic institutional holdings, Ethereum is quickly emerging as the leading alternative to Bitcoin among large corporations and governmental bodies. The growing interest reflects confidence in Ethereum’s long-term potential, leading to continued momentum towards broader corporate adoption.
Recently, Michigan’s state pension system allocated $10 million towards Ethereum exposure, marking a significant public institutional endorsement. Among publicly traded entities currently holding Ethereum, firms such as Bit Digital, Intchains Group, KR1, and BTCS indicate increased corporate comfort with ETH as a viable store of value and strategic asset.
The Strategic ETH Reserve initiative, designed to enhance transparency by tracking institutional Ethereum holdings through open blockchain wallet records, aims to bolster Ethereum’s credibility in institutional portfolios and encourage further adoption in corporate balance sheets.
