Ethereum is becoming the second-largest digital asset after Bitcoin that public companies are using to build corporate cryptocurrency reserves, according to Fixygen.
According to The Block’s Ethereum Treasury Tracker as of September 9–10, 2026, the nine publicly traded companies being monitored hold a total of approximately 7.63 million ETH on their balance sheets. The value of these reserves is estimated at approximately $19 billion.
BitMine Immersion Technologies emerged as the clear leader. The company announced on September 8 that it had increased its portfolio to 5.929 million ETH. In addition, BitMine holds 211 BTC, cash, and marketable securities totaling $593 million, as well as a number of other investments. The company estimates the total value of its cryptocurrency, cash, and marketable securities at $15.7 billion.
According to BitMine’s own estimates, the 5.93 million ETH it owns account for approximately 4.9% of the total Ethereum supply.
At the same time, the company has already staked approximately 5.067 million ETH. At the time of the announcement, BitMine valued these holdings at approximately $12.6 billion.
SharpLink ranks second among public corporate holders of Ethereum with 868,700 ETH worth approximately $2.15 billion, while Dynamix Corporation ranks third with 496,700 ETH worth approximately $1.24 billion.
Next are Bit Digital with 158,500 ETH, BTCS with 70,100 ETH, and Forum Markets with 69,800 ETH.
Thus, BitMine alone controls about 78% of all ETH held in specialized corporate Ethereum reserves tracked by The Block.
The emerging model resembles the strategy Strategy began implementing with Bitcoin several years ago, but there is a significant difference with Ethereum. A company can not only hold the digital asset in anticipation of its value increasing but also stake it to earn additional returns.
At the same time, this model carries additional risks—ranging from ETH volatility to fluctuations in staking yields and a potential discount on the company’s stock relative to the value of its Ethereum holdings.
As of September 10, ETH is trading at $2,470.
According to Fixygen, Ethereum is becoming the second-largest digital asset—after Bitcoin—that public companies are using to build corporate cryptocurrency reserves.
According to The Block’s Ethereum Treasury Tracker as of September 9–10, 2026, the nine publicly traded companies tracked hold a total of approximately 7.63 million ETH on their balance sheets. The value of these reserves is estimated at approximately $19 billion.
BitMine Immersion Technologies has emerged as the clear leader. The company announced on September 8 that it had increased its portfolio to 5.929 million ETH. In addition, BitMine holds 211 BTC, cash and marketable securities totaling $593 million, as well as a number of other investments.
The company estimates the total value of its cryptocurrency, cash, and marketable securities at $15.7 billion.
According to BitMine’s own estimates, the 5.93 million ETH it owns accounts for approximately 4.9% of the total Ethereum supply.
At the same time, the company has already staked approximately 5.067 million ETH. At the time of the announcement, BitMine valued this amount at approximately $12.6 billion.
SharpLink ranks second among public corporate holders of Ethereum with 868,700 ETH worth approximately $2.15 billion, followed by Dynamix Corporation in third place with 496,700 ETH worth approximately $1.24 billion.
Next are Bit Digital with 158,500 ETH, BTCS with 70,100 ETH, and Forum Markets with 69,800 ETH.
Thus, BitMine alone controls about 78% of all ETH held in specialized corporate Ethereum reserves tracked by The Block.
The emerging model resembles the strategy that Strategy began implementing with Bitcoin several years ago, though there is a significant difference with Ethereum. A company can not only hold the digital asset in anticipation of its value increasing but also stake it to earn additional returns.
At the same time, this model carries additional risks—ranging from ETH volatility to fluctuations in staking yields and a potential discount on the company’s stock relative to the value of the Ethereum it holds.
As of September 10, ETH is trading at $2,470.
Data source: Ethereum Treasury Tracker
The share of Ethereum held in staking has exceeded 35% of the cryptocurrency’s total supply, and the queue of users waiting to add new funds to the validator network has stretched to nearly 33 days, according to Fixygen.
According to Ethereum Validator Queue data as of September 10, approximately 42.9 million ETH, or 35.19% of the Ethereum supply, is in staking. The network has about 909,700 active validators.
At the same time, approximately 1.895 million ETH was in the queue to join the network. The estimated wait time for a new validator to join was 32 days and 22 hours.
The situation with withdrawals is the opposite: only about 25,300 ETH was in the withdrawal queue, and the wait time was about 10.5 hours. After a validator withdrew, the additional delay until the funds were actually received was estimated at approximately 7.9 days.
This ratio of queues indicates a significantly higher current demand for entering staking than for exiting it.
The yield on Ethereum staking is approximately 2.59% per annum. It varies depending on the amount of ETH used to support the network’s operation and other protocol parameters.
The increase in the amount of ETH locked in Ethereum validators potentially reduces the supply of coins directly available on the market. However, it would be incorrect to consider all 42.9 million ETH as completely removed from circulation: some staking is conducted through liquid protocols that issue derivative tokens circulating on the market.
An additional factor is the growing interest in Ethereum among public companies. The largest corporate holder of ETH, BitMine Immersion Technologies, announced on September 8 that of the 5.93 million ETH it owns, 5.067 million are already staked.
Amid the rise in staking, Ethereum is trading at around $2,470. As of September 10, the price of ETH stands at approximately $2,468, down from $2,485 the previous day.
Ethereum transitioned to the Proof-of-Stake consensus mechanism in September 2022. Validators lock up ETH to validate transactions and secure the network, receiving rewards in return.
Data source: Ethereum Validator Queue
