As Ethereum continues to prove its value beyond cryptocurrency—with applications in smart contracts, NFTs, and decentralized finance—the number of institutional investors is growing rapidly. In this article, we reveal the top 7 public companies holding the largest amounts of Ethereum, showcasing how traditional corporations are embracing the blockchain revolution.
1. Coinbase Global Inc. (COIN)
As one of the largest crypto exchanges in the world, Coinbase unsurprisingly tops the list. The company holds more than 1.5 million ETH, serving both as a reserve asset and for liquidity provisioning on its platform. With its direct involvement in Ethereum staking, Coinbase plays a pivotal role in the Ethereum ecosystem.
2. Galaxy Digital Holdings
Galaxy Digital, led by billionaire Mike Novogratz, is a major player in institutional crypto investment. The firm holds over 140,000 ETH, which it uses across its trading, asset management, and venture capital arms. Galaxy’s Ethereum holdings are seen as a strong bet on the long-term utility of the blockchain.
3. Kraken (Payward Inc.)
Though not publicly traded in the traditional sense, Kraken is a regulated crypto exchange and has declared Ethereum reserves exceeding 100,000 ETH. The exchange supports Ethereum staking and DeFi protocols, which adds strategic value to its holdings.
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4. MicroStrategy Inc.
Primarily known for its massive Bitcoin treasury, MicroStrategy has recently begun diversifying into Ethereum, with reports indicating approximately 60,000 ETH acquired over several strategic entries. This move reflects growing institutional confidence in Ethereum’s future.
5. Meitu Inc.
The Chinese tech firm Meitu shocked many when it became one of the first Asian companies to publicly purchase Ethereum. As of their latest disclosure, Meitu owns about 15,000 ETH, making it a significant holder in the region.
6. Hut 8 Mining Corp.
Hut 8, a Canadian digital asset miner, traditionally focuses on Bitcoin but has expanded into Ethereum mining and custody. The company holds an estimated 9,000 ETH, reinforcing its commitment to multi-chain infrastructure.
7. Riot Platforms, Inc.
Riot, another mining company based in the U.S., holds Ethereum as part of its diversified digital asset portfolio. Its ETH holdings are relatively smaller at around 6,000 ETH, but they represent a strategic hedge against Bitcoin-only exposure.
Why These Holdings Matter
The growing Ethereum reserves held by public companies signal a major shift in how institutions view crypto assets—not just as speculative investments, but as foundational technology for the future of finance and digital infrastructure. The inclusion of Ethereum on corporate balance sheets is also likely to drive further adoption, price stability, and development across the network.
Final Thoughts
The top public companies holding Ethereum are not just betting on price—they’re betting on utility. As ETH transitions further into a deflationary and proof-of-stake asset, these holdings could become even more valuable. Expect more institutions to follow suit as Ethereum solidifies its role in the next phase of the internet.
Also read : 21Shares Files Spot ETF for ONDO Token
