The 7 Largest Publicly Traded Ethereum Treasury Firms

Core Insights - The trend of publicly traded companies adopting crypto treasury strategies has expanded from Bitcoin to a variety of digital assets, particularly Ethereum, with key figures like Tom Lee and Joe Lubin advocating for this shift [1][2]. Group 1: Ethereum Treasury Accumulation - Public entities with Ethereum treasuries hold nearly 5 million ETH, valued at over $22 billion, representing more than 4% of the total supply [2]. - BitMine Immersion Technologies, led by Tom Lee, has acquired 2,151,676 ETH, worth approximately $9.65 billion, following a $250 million PIPE fundraising round [3][4]. - SharpLink Gaming holds the second-largest publicly traded ETH treasury with 838,152 ETH, valued at around $3.86 billion, and aims to reach a goal of 1 million ETH [5][6]. Group 2: Leadership and Strategic Moves - Tom Lee's aggressive buying strategy includes ambitious price predictions for ETH, with a target of $60,000, and plans to raise $4.5 billion, later upsized to $20 billion, to expand BitMine's Ethereum treasury [4]. - SharpLink Gaming's chairman, Joe Lubin, is a co-founder of Ethereum and has been instrumental in the company's pivot towards Ethereum, raising funds through various means, including a recent $400 million direct offering and plans to collect up to $6 billion via stock sales [6].