The accumulation of ether (ETH) by publicly traded companies, DAOs, foundations, and governments has reached a new milestone with 3 million ETH in treasuries. This figure is equivalent to $11.6 billion.

This volume, held by 67 entities, reflects an explosive growth of 2,500% since April, when corporate holdings totaled just 112,960 ETH. ETH accumulation has increased since April. Source: StrategicETHReserve.

Among the leading companies, BitMine Immersion Technologies tops the list with 833,100 ETH. The company is pursuing an ambitious plan to reach 5% of the circulating ETH supply. Its board of directors highlighted the speed with which this purchasing strategy was implemented.

For its part, SharpLink, a Nasdaq-listed betting firm, owns 521,900 ETH. Beyond stockpiling, the company actively promotes Ethereum's benefits on its networks, highlighting its potential to transform the traditional financial system.

In third place, The Ether Machine, Inc. has accumulated 345,400 ETH. This company focuses on generating returns in ether, offering investors regulated and transparent access to the Ethereum ecosystem through the stock market.

A key factor behind this trend is staking, which allows entities to generate an annual return of approximately 3%, giving ETH an additional advantage over Bitcoin (BTC). This has incentivized companies to finance ETH purchases by issuing debt, such as stock or convertible bonds, rather than relying solely on operating income.