The race to accumulate Ethereum has kicked into high gear as corporate treasuries gobble up the second-largest cryptocurrency at an unprecedented rate, pushing its price above $4,600 in August 2025.
Major firms have collectively amassed over $17.6 billion worth of ETH, with the price settling around $4,783 as corporations appear to be engaged in what some analysts describe as a “digital land grab” for limited blockchain resources.
Corporate giants wage blockchain warfare, racing to secure finite ETH resources in a $17.6 billion digital territory rush.
In just two months, 19 public companies acquired a staggering 2.2 million ETH, representing about 1.8% of the total supply.
This acquisition pace far outstrips new ETH issuance, creating a supply squeeze that’s helping fuel the rally.
BitMine Immersion has emerged as one of the hungriest ETH collectors, approaching 1% of total supply with ambitious plans to reach 5%.
Corporate treasuries have evolved beyond just Bitcoin hoarding—they’re now ETH converts too.
It’s like watching your tech-resistant uncle suddenly become a TikTok influencer; the transformation has been both surprising and dramatic.
The total corporate ETH holdings jumped from under $13 billion to well above that figure during Q3 2025 alone.
What’s driving this corporate enthusiasm?
Unlike traditional assets, ETH offers more than just a store of value.
Companies can stake their holdings for yield or tap into DeFi applications—essentially turning their treasury from a static vault into a working financial engine.
Many corporations are exploring how DeFi solutions can revolutionize their financial operations beyond the limitations of traditional banking systems.
It’s treasury management with superpowers.
The broader crypto market cap has swelled to $4.11 trillion, with Ethereum playing a starring role.
Fundamental Global has positioned itself as a significant player with 48,545 ETH worth approximately $230 million at an average purchase price of $3,850 per token.
Companies like BTCS Inc. and SharpLink have disclosed nine-figure ETH positions, often acquiring tokens at a pace that suggests price is secondary to securing their allocation before competitors.
This corporate accumulation trend now rivals and sometimes exceeds the Bitcoin treasury movement of 2024-2025, with evidence suggesting these purchases are strategic long-term positions rather than speculative bets on quick gains.
Similar to Bitcoin’s corporate adoption trajectory, analysts project that Ethereum could see up to 28 public companies establishing significant positions by year-end.
