PANews July 31 news, according to The Block, the total value of Ethereum reserve assets has exceeded $10 billion, reflecting a trend of more and more companies incorporating Ethereum into their balance sheets. SER data shows that as of Thursday, the total value of strategic reserve Ethereum has reached $10.58 billion, covering 64 entities holding more than 100 ETH. These reserves account for 2.26% of the total Ethereum supply. This total value of $10 billion includes reserve assets from publicly listed companies, cryptocurrency exchanges, Decentralized Finance protocols, non-profit organizations, and federal governments.
Currently, the largest holder of Ether is Bitmine Immersion Tech, which has shifted its business focus from Bitcoin mining to accumulating Ethereum. It holds 625,000 ETH (worth $2.42 billion), and the company's chairman Tom