Bitmine and SharpLink are leading Ethereum institutional investors, according to BlockBeats data. Bitmine currently holds approximately 3.4 million ETH worth $11.32 billion, representing the largest investment. Its holdings have grown by 20% over the past month, with an average purchase price of $4,037 per ETH, resulting in an unrealized loss of roughly $2.4 billion. SharpLink comes in second, with 860,000 ETH valued at approximately $2.86 billion. Its holdings have increased by 2.5% over the last month and hold an average cost price of $3,609 per ETH, resulting in an unrealized loss of around $170 million. Both Bitmine and SharpLink are currently experiencing a lower market capitalization than their Ethereum holdings.