Major Ethereum treasury companies have accumulated billions in Ether (ETH) over the past month, with announcements highlighting a significant surge in corporate holdings as the asset rallied.

Several prominent Ethereum treasury entities have substantially increased their ETH reserves in the last 30 days, resulting in collective holdings exceeding 545,000 ETH, valued at nearly $1.6 billion at recent prices.

BitMine: Significant ETH Accumulation

Recently, BitMine Immersion Technologies, led by Fundstrat’s Tom Lee, revealed its treasury holds 163,142 ETH. Lee commented on the trend, stating:
“ETH treasuries which [can] accumulate 5% of the ETH supply can benefit from a similar ‘Wall Street put'”,
suggesting institutional interest in Ethereum may reach levels comparable to Bitcoin.

Consensys co-founder Joseph Lubin’s company, SharpLink, announced multiple large acquisitions. Colecting further ETH on July 11, July 13, and in a substantial $73.2 million trade earlier this week, SharpLink’s holdings have surpassed 255,000 ETH, securing its position as the largest corporate treasury.

Lubin himself humorously identified with fellow treasury holders, referring to himself as a “self-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen.”

Expanding Corporate Treasuries

The trend is being followed by others. Bit Digital, for instance, holds over 100,000 ETH, while Blockchain Technology Consensus Solutions (BTCS) recently raised $62.4 million, adding to its treasury to reach nearly 29,122 ETH. GameSquare also announced plans to establish a $100 million ETH treasury.

Institutional Flows Reach Record Levels

This surge in corporate accumulation coincides with Ethereum-based funds receiving their 12th consecutive week of inflows, totaling $990 million. This represents the fourth largest weekly inflow on record according to CoinShares.

Year-to-date, Ethereum investment funds have recorded nearly $4 billion in inflows, with a substantial portion entering recently as institutions increasingly allocate capital to the asset.

Ethereum prices recently breached the $3,000 threshold for the first time since February before pulling back slightly. Despite this pullback, the asset showed a 17% weekly gain.