Top Ethereum treasury companies have acquired at least $1.6 billion worth of Ether in the past month, as institutional interest intensified alongside Ether’s rally. Over the last 30 days, more than 545,000 ETH were accumulated, based on recent public disclosures.

BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, announced on Monday that its total Ether holdings have reached 163,142 ETH, valued at approximately $480 million. Lee drew a comparison to Michael Saylor’s aggressive Bitcoin strategy, stating, “ETH treasuries which [can] accumulate 5% of the ETH supply can benefit from a similar ‘Wall Street put’,” suggesting growing institutional confidence in Ethereum.

Joseph Lubin’s gaming platform, SharpLink, emerged as the largest corporate holder of Ether. The company acquired 10,000 ETH on July 11, 16,370 ETH on July 13, and another 24,371 ETH worth $73.2 million this week, bringing its total to over 255,000 ETH. Lubin, who also founded Consensys, jokingly referred to himself as a “self-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen,” acknowledging BitMine and others for their recent buying activity.

Additional companies joining the Ethereum treasury trend include Bit Digital, with holdings exceeding 100,000 ETH, and BTCS, which raised $62.4 million to bring its holdings to 29,122 ETH this month. GameSquare also announced a $100 million Ethereum treasury plan on July 8.

These corporate moves coincide with growing investment in Ethereum-based funds, which recorded their 12th straight week of inflows. Last week alone brought in $990 million—the fourth-highest weekly total on record—according to CoinShares.

Year-to-date inflows into Ethereum products have exceeded $4 billion, with nearly 30% of that arriving in the last two weeks. CoinShares reported that Ethereum's inflows over the past 12 weeks account for 19.5% of global ETH fund assets under management, compared to 9.8% for Bitcoin funds.

ETH briefly surpassed $3,000 on July 11 for the first time since February, though it has since dipped below that level. Still, the asset remains up 17% on the week.

Sources:

https://cointelegraph.com/news/ethereum-investors-pile-into-eth-amid-massive-weekly-surge

https://investors.gamesquare.com/news/news-details/2025/GameSquare-Announces-Pricing-of-Underwritten-Public-Offering-to-Launch-Ethereum-Treasury-Strategy/default.aspx

https://blog.coinshares.com/volume-242-digital-asset-fund-flows-weekly-report-4ad0c63a8def