Ethereum Reserves Rocket 128% to 2.7M ETH; ETFs Net $1B
In July 2025, corporate Ethereum reserves surged 128%, climbing to a record 2.7 million ETH (≈$11.6 billion) as 24 new firms added ETH to their treasuries. Major holders like Bitmine Immersion Tech (1.2 M ETH), The Ether Machine (598,800 ETH) and SharpLink Gaming (345,400 ETH) now control about 7.98% of total ETH supply. Corporate ETH stockpiles equal roughly 46.5% of assets in ETH spot ETFs, which themselves reached 5.8 M ETH after a 39.5% gain. Strong staking yields, the deflationary tokenomics post-Merge and clearer US regulation—where Ethereum is treated as a commodity—have boosted demand. Spot ETH ETFs posted $1 billion net inflows on August 11 and notched 19 consecutive days of inflows. Global crypto market cap rose 13.3% in July, pushing Ethereum’s market share to 11.8% as BTC dominance eased to 60%.
Bullish
Record corporate accumulation of Ethereum alongside sustained spot ETF inflows underscores growing institutional conviction. High staking yields and the deflationary supply model post-Merge enhance Ethereum’s long-term value proposition, while US regulatory clarity reduces legal uncertainty. Large daily ETF inflows and rising corporate treasury holdings can tighten circulating supply, creating upward pressure on ETH prices. In the short term, continued net inflows indicate positive trading momentum. Over the long term, persistent corporate adoption and supply constraints are likely to support a bullish trajectory, despite potential volatility from macro factors.