Institutional demand for Ethereum is exploding. Corporate treasuries are accumulating ETH at an aggressive pace, creating a massive wave of buying pressure that could fundamentally reshape its market dynamics. New data reveals that 69 public companies now collectively hold a staggering 4.1 million ETH, worth approximately $17.6 billion.

The Major Players Leading the Charge

This isn’t a broad, shallow trend—it’s being driven by a few mega-accumulators with enormous ambitions.

1. BitMine Immersion: The ETH Whale
The Nevada-based company is the undisputed leader. Since launching an ETH-focused treasury strategy in July, it has gone from $500 million to $6.6 billion in holdings. BitMine now controls a massive 1.52 million ETH and has publicly stated its goal to eventually own 5% of the entire ETH supply.

2. SharpLink Gaming: The Early Believer
As one of the first ETH treasury companies, SharpLink started buying in June. It now holds 741,000 ETH ($3.2B). The company’s leadership has called Ethereum the “trustware of global finance” and is committed to becoming the largest public holder of ETH.

Other significant holders include The Ether Machine ($1.49B) and the Ethereum Foundation ($996M).

Will This Drive Ethereum’s Price Recovery?

Despite this monumental institutional accumulation, ETH’s price has cooled off recently. It’s currently trading around $4,286, down about 10% from its recent high above $4,700.

So, why isn’t the price higher? Analysts point out that while corporate buying is a powerful long-term catalyst, its short-term price impact can be muted as these large purchases are often done off-exchange to minimize market impact.

The Bullish Long-Term Outlook

The institutional story extends beyond direct treasury purchases. ETH ETF holdings now represent about 5% of the circulating supply, valued at over $25 billion.

This dual demand—from both corporate treasuries and ETFs—creates a powerful foundation for future growth. Major banks like Standard Chartered forecast a incredibly bullish future:

• $7,500 by end of 2025
• $12,000 by late 2026
• $18,000 in 2027
• $25,000 by 2028-2029

The Bottom Line

The message is clear: Smart money is betting big on Ethereum’s future. While short-term price action may remain volatile, the massive, sustained buying from institutions with multi-year horizons suggests that ETH is being positioned as a core pillar of the future digital economy. For investors, this could be a defining accumulation phase.