Ethereum Treasury Holdings Surpass Bitcoin, Driven by DeFi Growth

Ethereum treasury holdings have reached new heights, surpassing Bitcoin in the percentage of total supply held by entities. The Ethereum network currently boasts over 4.91 million ETH, worth approximately $21.28 billion, held by a growing list of institutional investors and asset managers. This surge comes as companies like BitMine Immersion Tech and SharpLink Gaming accelerate their accumulation of Ethereum, seeking the platform’s staking yield and DeFi integration capabilities.