Phoenix has released a new report on most Ethereum holdings by institutions. Companies in the technology, gaming, and digital asset industries are gradually increasing their exposure to Ethereum, with an estimated cumulative total of 7.16 million companies. $ETH Worth $13.34 billion as of the end of February 2026.
Ethereum holdings by organization
Organizations continue to expand their Ethereum holdings, reinforcing the cryptocurrency’s role in traditional financial markets. total strategy $ETH The reserves held by these organizations currently amount to 7.16 million $ETH ($13.34B), Representative… pic.twitter.com/SwgV4P8Yf8
— Phoenix – Crypto News and Analysis (@pnxgrp) February 27, 2026
This concentration represents approximately 5.92 percent of Ethereum’s circulating supply. This means that institutional involvement is no longer an experiment, but is accepted as part of the market structure of the crypto market.
Lead accumulation trends in corporate bonds
Some of the largest holders include publicly traded companies and blockchain-based organizations. Bitmine Immersion Tech is the largest member of the cohort with a value of over 4.4 million $ETH. The company’s large investment highlights how some companies no longer view Ethereum as a high-stakes gamble, but as an insurance fund around decentralized computing and tokenized applications.
SharpLink Gaming has also established a strong presence of over 863,000 $ETHwhile Ethermachine owns 496,710 $ETH Worth approximately $925.9 million.
The Ethereum Foundation itself is also one of the major holders, holding over 200,000 assets. $ETH Funding the ecosystem, research, and grants. Further maintenance indicates that the network is moving further towards scalability and infrastructure maturity.
Diverse participation across disciplines
In addition to upper-tier allocations, there are also a number of publicly traded and infrastructure-oriented companies that have significant allocations to Ethereum. Bit Digital owns 154,400 $ETH This is worth about $287.8 million, while Coinbase owns $151,180. $ETH This is worth approximately $281.8 million.
Mantle is 101,870 $ETH It is worth approximately $189.9 million and the Golem Foundation is worth $101,030. $ETH Worth approximately $188.3 million. Although these are smaller than the top allocations, they serve the purpose of diversifying the institutional base across exchanges, infrastructure providers, and decentralized computing platforms.
Etojira is 93,790 $ETH Approximately $174.8 million worth, BTCS Inc. 70,030 $ETH This amount is equivalent to approximately $130.5 million and constitutes the largest list of publicly disclosed organizational reserves.
Strategic financial diversification drives adoption
consistent presence $ETH The increase in financial institutions in such a large number indicates a change in the Ministry of Finance’s diversification policy. Organizations are starting to adopt Ethereum as a store of value and a productive asset that allows them to earn yield through staking and participate in decentralized finance.
This development coincides with Ethereum’s general technological maturity. With networks moving to proof-of-stake, expanding solutions, and increasing tokenization of real-world assets, networks have become the fundamental payments layer for digital finance. Companies investing $ETH Today, they may also be investing in blockchain integration, smart contract automation, and tokenized financial products.
Expanding role of Ethereum in global finance
The organization’s $13.34 billion in Ethereum reserves is an example of blockchain assets permeating the traditional financial system. Fiat, stock, or commodity-based balance sheets have been replaced with digital assets directly linked to programmable financial infrastructure.
This change is symptomatic of a new hybrid financial system where decentralized networks coexist with corporate governance and regulated markets. As the infrastructure for most tokenization applications and many smart contract applications, Ethereum is rapidly becoming the center of integration.
Ethereum’s institutional ownership is expected to be a key indicator of the speed at which blockchain technology is integrated into the economy as adoption continues to increase. Existing 7.16 million people $ETH This organizational achievement is more than just a numerical achievement, it is a sign of growing confidence in Ethereum as both an asset and a platform that will define the future of finance.