Ethereum's Corporate Treasury Holdings Surge, Outpacing Bitcoin and Signaling Growing Institutional Confidence

Institutional adoption of Ethereum is accelerating, with corporate treasuries now holding a larger percentage of the total supply compared to Bitcoin. This trend is bolstered by significant acquisitions from major players and the emergence of new Ethereum-focused digital asset treasuries, particularly in Asia. Despite broader market pressures, these developments suggest a maturing demand and long-term conviction in Ethereum's utility.

Key Takeaways

• Ethereum treasury firms now hold 4% of the total supply, surpassing Bitcoin's 3.6%.

• Companies like SharpLink Gaming and Bitmine Immersion Technologies are leading this charge.

• Quantum Solutions in Japan, backed by ARK Invest, has become a major Ethereum holder outside the US.

• New platforms like VCI Global's Smart Bridge are launching Ethereum-based solutions integrating real-world assets.

Ethereum Surpasses Bitcoin in Corporate Treasury Holdings

Data from blockchain analytics firm Artemis reveals that Ethereum treasury firms now hold 4% of the cryptocurrency's total supply, a figure that exceeds the 3.6% held by Bitcoin treasury firms. This shift has occurred rapidly, driven by aggressive strategies initiated this year by companies such as Bitmine Immersion Technologies and SharpLink Gaming. In contrast, Bitcoin's corporate treasury accumulation, spearheaded by Michael Saylor's MicroStrategy, began in August 2020.

Major Corporate Acquisitions and Expansion

SharpLink Gaming recently acquired an additional 19,271 ETH, valued at approximately $75 million, bringing its total holdings to nearly 860,000 ETH, worth around $3.5 billion. The company, which pivoted to an Ethereum treasury strategy in June 2025, has also accumulated over $22 million in staking rewards. Joseph Lubin, co-founder of Ethereum, joined SharpLink's board in May 2025 following a substantial private investment round.

Quantum Solutions Emerges as a Key Asian Player

In Japan, Quantum Solutions, an AI-focused company supported by ARK Invest and Susquehanna International Group, has rapidly become the largest Ethereum treasury outside the United States. The firm recently acquired 2,365 ETH in a single week, bringing its total holdings to approximately 3,866 ETH, valued at nearly $15 million. Quantum Solutions has ambitious plans, aiming to build a treasury of 100,000 ETH, funded by a recent $180 million capital raise.

Broader Institutional Interest and Future Developments

Beyond these specific companies, institutional conviction in Ethereum appears to be strengthening. Analysts note that this accumulation reflects a maturing demand base and confidence in Ethereum's long-term role in digital finance, particularly in Asia. However, broader macro pressures and geopolitical tensions continue to influence asset valuations. Looking ahead, VCI Global's subsidiary, Smart Bridge, is set to launch an Ethereum-based platform in Q2 2026, integrating digital assets, gold, and fiat currencies, further signaling the expanding ecosystem around Ethereum.

Sources

• Ethereum treasury firms surpass bitcoin treasury companies by percentage of total supply, Sherwood News.

• SharpLink adds $75 million in Ethereum as treasury holdings rise to nearly 860,000 ETH, The Block.

• Quantum Solutions Becomes Top Ethereum Holder Outside the US, Coinpaper.

• Cathie Wood’s ARK Invest Backs Japan’s Quantum Solutions as It Becomes Largest Ethereum Holder Outside theU.S., TipRanks.

• VCI Global Subsidiary Smart Bridge to Launch, GlobeNewswire.