Public firms now hold over $10B in ETH as corporate demand accelerates

According to recent data from StrategicETHreserve, public firms now hold over $10 billion in Ether (ETH), with 64 entities holding a total of 2.73 million ETH. Three publicly traded companies, Bitmine Immersion Tech, Sharplink Gaming, and The Ether Machine, are among the top three holders, with Bitmine alone holding over $2 billion worth of ETH. Despite this accumulation, ETH's price has stalled around $3,700, with investors' hopes of reaching $4,000 on its 10-year anniversary dashed. However, on-chain data shows that Ethereum activity remains booming, with over 680,000 active wallets and increasing mean value to realized value (MVRV) in the past year.