Corporate Ethereum Treasuries
BitMine Immersion holds 74.6% of the Ethereum reported for public companies. Remove it and the recorded total falls from 7.91 million ETH to 2.01 million ETH.
This page separates reported Ethereum holdings from the value of the whole company. It checks concentration, share-price behaviour and what remains after removing the largest holder.
ETH
COMPANYreported coins
SHARESwhole company
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Who carries the company total?
The coin holding, its current value and the company's entire market value are kept separate.
| Company | Share | Reported ETH | ETH value | Share of company total | Share price · 21 sessions | Company value | ETH / company value |
|---|---|---|---|---|---|---|---|
| BitMine Immersion | BMNR | 5,901,112 | $14.8bn | 74.6% | +36.4% | $15.1bn | 98.1% |
| SharpLink | SBET | 868,699 | $2.2bn | 11.0% | +38.0% | $1.9bn | 115.5% |
| The Ether Machine | ETHM | 496,712 | $1.2bn | 6.3% | Not available | Not available | Not available |
| Bit Digital | BTBT | 158,462 | $396.9mn | 2.0% | +20.1% | $591.4mn | 67.1% |
| Coinbase Global | COIN | 150,193 | $376.2mn | 1.9% | +27.0% | $48.7bn | 0.8% |
| BTCS | BTCS | 70,787 | $177.3mn | 0.9% | +35.2% | $71.7mn | 247.2% |
| Forum Markets (formerly ETHZilla) | FRMM | 69,802 | $174.8mn | 0.9% | -13.0% | $70.1mn | 249.5% |
| Galaxy Digital Holdings Ltd | GLXY | 61,137 | $153.1mn | 0.8% | +34.7% | $15.5bn | 1.0% |
| FG Nexus | FGNX | 40,093 | $100.4mn | 0.5% | +19.7% | $42.7mn | 235.2% |
| Yueda Digital Holding | YDKG | 19,929 | $49.9mn | 0.3% | -18.5% | $4.9mn | 1029.2% |
| Bullish | BLSH | 14,200 | $35.6mn | 0.2% | +56.2% | Not available | Not available |
| Eightco Holdings | ORBS | 11,068 | $27.7mn | 0.1% | +35.3% | Not available | Not available |
BitMine Immersion holds 74.6% of the Ethereum reported for public companies. Remove it and the recorded total falls from 7.91 million ETH to 2.01 million ETH.
Does the story survive the leader?
The largest reported holder is removed before reading corporate adoption again.
A company share is not Ethereum in a wrapper. Financing, debt, cash and the operating business can pull it away from the coin.