Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
Share
Ethereum (ETH) took the spotlight in the crypto market in July, as corporate holdings logged their largest monthly increase on record.
Binance Research said in its monthly market insights report that balances held by companies climbed about 127% to more than 2.7m ETH ($11.6b).
The rally was accompanied by an increase in the number of companies holding Ethereum on their books. Twenty-four new entities joined the ranks, bringing the total to 64.
Together, these corporates now hold roughly 46.5% as much ETH as exchange-traded funds, which saw their own assets rise 39.5% to over 5.8m ETH, the report said.
Corporate ETH Reserves Outpace Ethereum Foundation as Adoption Accelerates
This surge reflects a shift toward direct Ethereum exposure, moving beyond passive ETF allocations. Some companies now hold more ETH than the Ethereum Foundation itself. Bitmine leads with 1.1m ETH, followed by Sharplink with 521,000 ETH.
Additional disclosures are expected in the coming months, as more firms reveal similar strategies. The Ether Machine was a notable late-July entrant, reflecting the momentum in corporate ETH adoption.
This buildup in holdings coincided with strong market performance. Ethereum rose more than 50% during the month, becoming one of the best-performing large-cap digital assets. The ETH-to-Bitcoin ratio hit a six-month high of 0.032, signaling renewed strength relative to Bitcoin as investors rotated capital.
Ethereum’s Staking Yield and Deflationary Design Draw Corporate Buyers
While corporate Bitcoin treasuries have been in the spotlight for a while, many of these new Ethereum strategies appear inspired by Michael Saylor’s playbook.
However, they are also leveraging Ethereum’s unique attributes, such as staking rewards, a deflationary supply mechanism and its role as the primary collateral in decentralized finance.
Regulatory tailwinds have added to the appeal. The US SEC’s implicit recognition of ETH as a commodity, combined with the passage of landmark stablecoin legislation, has boosted confidence in the asset’s long-term viability.
July Brings Strongest Institutional Demand for ETH to Date
The trend is unfolding against a backdrop of wider market gains. Binance Research reported that global cryptocurrency market capitalisation rose 13.3% in July 2025. The climb was driven by Bitcoin setting repeated all-time highs, surging institutional interest in Ethereum and major altcoins, record levels of corporate treasury adoption, and stronger regulatory clarity.
Although Bitcoin remained a dominant force, July saw a clear rotation into altcoins, led by Ethereum. The asset drew inflows from both spot ETFs and corporate treasuries eager to capture additional staking yield, reinforcing its role in the evolving digital asset mix.
Ethereum’s market share rose to 11.8%, while Bitcoin’s dominance slipped to about 60%. The month also marked a record 19 consecutive days of positive net inflows into Ethereum spot ETFs, underscoring sustained investor demand.
The outlook for corporate Ethereum adoption remains promising, though the market is still maturing.
Higher volatility compared with Bitcoin could test the durability of these treasury strategies, but for now, Ethereum’s appeal among institutional and corporate buyers appears to be growing at its fastest pace yet.
Credit: Source link
