Ethereum Treasury Companies ETH Holdings Tracker

Publicly traded companies report a combined 7,879,816.29 ETH held as of Jul 24, 2026, about 6.59% of the circulating Ethereum supply. Our real-time tracker covers corporate ETH holdings with proprietary metrics like mNAV (multiple on net asset value), eth per share, and Ethereum value as a percentage of market cap.

Tip: click Ethereum Holdings or Total Value below to chart its history.

Ethereum Holdings

Monthly Flows

# Company Ethereum Treasury 1M % 6M % YoY % Value ETH/Share mNAV %Mcap Last Updated
1
BMNR
Bitmine Immersion Technologies, Inc. BMNR
5,777,468 ETH
2
SBET
SharpLink Gaming Ltd. SBET
886,725 ETH
3
ETHM
The Ether Machine ETHM
496,712 ETH
4
GLXY
Galaxy Digital GLXY
169,489 ETH
5
BTBT
Bit Digital, Inc. BTBT
158,462 ETH
6
COIN
Coinbase Global, Inc. COIN
150,193 ETH
7
BTCS
BTCS Inc. BTCS
55,064 ETH
8
4784.T
GMO internet, Inc. 4784.T
30,016 ETH
9
DEFT
DeFi Technologies Inc. DEFT
22,787 ETH
10
YDKG
Yueda Digital Holding, Inc. YDKG
19,929 ETH
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About Our Ethereum Treasury Data

Our Ethereum Treasuries section focuses on verified, confirmed holdings of spot Ethereum by publicly traded companies. We prioritize transparency and reliability to provide accurate insights for investors. Below, we outline key differences in our tracking methodology to ensure data integrity.

An increasing number of companies are choosing buy and hold ETH as part of a long-term Ethereum treasury strategy. Here we provide valuable insights for investors seeking exposure to Ethereum through public markets. Compare treasury holdings alongside stock performance data, review earnings call transcripts where treasury announcements are often made, and monitor insider trading activity for Ethereum treasury companies.

We avoid third-party data submissions which are known to introduce biases. Our software independently obtains holdings updates from primary sources in real time. Identified data undergoes manual verification before figures are added to our dataset. This ensures reliable, independent tracking.

We do not include over-the-counter (OTC) stocks in our listings. These often suffer from low trading volume, limited regulatory oversight, and a higher risk of fraudulent or activities, which could mislead users. Our scope is limited to major exchange-listed (e.g., NASDAQ, NYSE) public companies for verifiable and liquid exposure.

Mere announcements of intended Ethereum acquisitions are not counted as confirmed holdings. We only track actual, reported ownership to avoid speculation. For example, if a company states plans to buy 1,000 ETH but has not yet confirmed the completion of this via filings or press release, it won't appear in our data.

We distinguish between direct spot Ethereum ownership and holdings in Ethereum exchange-traded funds (ETFs). ETF positions are not treated as equivalent to a company's own treasury reserves, as they represent pooled, managed assets rather than direct corporate custody. This ensures our metrics reflect true on-balance-sheet Ethereum exposure, such as in eth per share calculations. As such, companies who purely have holdings in Ethereum ETFs are excluded from our platform.

You can explore historical Ethereum Treasury data by scrolling through monthly records or selecting specific companies to view acquisitions and disposals of ETH. Key metrics are also visualized through interactive charts to help you analyze trends over time.

Value refers to the USD equivalent of a company's Ethereum Treasury. By default, this figure is calculated using the current Ethereum market price for the most recent holdings data. When viewing historical data, the value is calculated based on the Ethereum market price on the date the holdings were reported. This approach ensures the valuation reflects the price at the time of each disclosure, providing an accurate snapshot of the company's Ethereum worth for both current and past reports.

Ethereum Per Share is a metric that shows how much Ethereum exposure an investor gains per share of a publicly traded company's stock. It's calculated by dividing the company's total Ethereum holdings by the number of outstanding shares. For example, if a company holds 5,000 ETH and has 50 million shares outstanding, it would have 0.0001 ETH per share.

mNAV, or Ethereum NAV Multiple, is a metric that shows how highly a company's Ethereum treasury is valued by the market. It's calculated by dividing the company's market capitalization by the USD value of its Ethereum holdings. By default, the USD value is calculated using the current Ethereum market price for the most recent holdings data. When viewing historical data, the USD value is based on the Ethereum market price on the date the holdings were reported. For example, if a company has a market cap of $500 million and holds $100 million worth of Ethereum, its mNAV would be 5. This means the market is valuing the company at 5 times the value of its Ethereum holdings, potentially reflecting premiums for other assets, operations, or investor sentiment.

%Mcap is the percentage of a company's market capitalization that is represented by the USD value of its Ethereum Treasury. It is calculated by dividing the value of the company's Ethereum holdings (in USD) by its total market cap, then multiplying by 100 to express it as a percentage. This metric gives investors a sense of how significant Ethereum is to the company's overall valuation.

Ethereum treasury holdings refer to the ETH held by publicly traded companies on their corporate balance sheets as a treasury reserve asset. Companies adopt a Ethereum treasury strategy for various reasons, including diversifying corporate reserves and gaining exposure to Ethereum's long-term appreciation potential.

The top Ethereum treasury companies by ETH holdings are: 1) Bitmine Immersion Technologies, Inc. (BMNR) with 5,777,468 ETH, 2) SharpLink Gaming Ltd. (SBET) with 886,725 ETH, 3) The Ether Machine (ETHM) with 496,712 ETH, 4) Galaxy Digital (GLXY) with 169,489 ETH, 5) Bit Digital, Inc. (BTBT) with 158,462 ETH . Rankings are updated in real time as companies disclose new holdings data. Use our tracker to compare companies by ETH holdings, mNAV, eth per share, and other key metrics.

As of today, Ziven tracks 37 publicly traded companies that hold Ethereum as a treasury asset, with real-time data on their ETH holdings, mNAV (multiple on net asset value), eth per share, and other proprietary metrics that most other trackers don't offer.