Recent institutional profits and demand for Ethereum have increased dramatically, which is reflected in ETH prices.
ETH prices have experienced the biggest monthly rise in recent years, but institutional investors’ Ethereum (ETH) holds more than $10 billion.
According to data from The Strategic Eth Reserve (SEV) the total amount of Ethereum Treasuries currently reaches $10.58 billion, equivalent to 2.26% of the total ETH supply.
Therefore, in-facility Ethereum holdings increased significantly last month, representing an increase of around $7.5 billion, from $3 billion at the end of June.
The data was said to cover 64 institutions of over 100 ETH.
Currently, Ethereum’s largest institutional owner is Bitmine Immersion Tech, which shifted its main focus from Bitcoin mining to Ethereum accumulation.
According to SEC data, Bitmne holds 625,000 ETH ($2.42 billion) of ETH. Tomley, the company’s president, previously said he was aiming to buy 5% of the Ethereum supply and sell it as a stake.
Bitmine is followed by Joseph Lubin’s Sharplink Gaming. This includes 438,200 ETH ($16.9 billion) of Treasury. The ether machine came in third, with a total holding of 334,800 ETH worth $1.29 billion after purchasing 15,000 ETH.
According to the data, the three institutional Ethereum Treasury ministries outperform the Ethereum Foundation’s ETH reserves, which currently holds 234,600 ETH.
Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered, predicted that ETH accumulation will continue and that the ETH Treasury will be able to hold up to 10% of its total supply.
*This is not investment advice.