What Is the Corporate Giant That Just Added 138,452 ETH and Now Holds Over 3.86 Million ETH in 2025

A major U.S.-listed corporation has aggressively expanded its Ethereum treasury, acquiring 138,452 ETH last week alone at an average price of $3,139 — a $435 million purchase that pushed its total holdings to 3,864,951 ETH, equivalent to roughly 3.2% of Ethereum’s entire circulating supply.

This marks a 156% acceleration in weekly accumulation pace compared to four weeks earlier, putting the unnamed company firmly on track toward its publicly stated goal of owning 5% of all ETH. The move comes amid Ethereum’s strong 2025 performance and ahead of major network upgrades expected in early 2026.

What This Ethereum Treasury Strategy Looks Like

The company treats Ethereum as its primary reserve asset, similar to how some corporations hold Bitcoin, but with an explicit multi-year roadmap to reach significant network ownership. Funding comes from a combination of cash reserves, structured capital raises, and operational cash flow — never from selling core business units. The treasury is managed with institutional-grade custody, full regulatory transparency, and regular public disclosure.

As of late 2025, the ETH position is complemented by a small Bitcoin holding (193 BTC), $1 billion in cash, and selective equity stakes in high-growth blockchain-related ventures.

• Currently holds 3.86 million ETH valued at over $12 billion
• Weekly purchase pace has more than doubled in the past month
• Explicit long-term target: 5% of total ETH supply (~6 million ETH)
• Total treasury + cash + strategic investments exceed $13.2 billion
• Maintains significant dry powder for continued opportunistic buying

Why This Company Is Betting So Heavily on Ethereum in 2025

Corporate leadership views Ethereum not just as a store of value but as productive digital capital that will generate yield through staking, validation infrastructure, and ecosystem participation in the coming years. With Ethereum’s upcoming Fusaka hard fork and continued institutional inflows via spot ETFs, the treasury is positioned to benefit from both price appreciation and on-chain rewards.

The aggressive accumulation also creates a natural moat: owning a meaningful percentage of supply enhances influence over network governance, staking economics, and future protocol revenue-sharing mechanisms.

• ETH chosen over BTC as the primary treasury asset due to yield potential
• Prepares for large-scale U.S.-based validator operations launching in 2026
• Benefits from regulatory tailwinds (GENIUS Act, clearer staking guidance)
• Provides leveraged exposure for public shareholders without direct custody
• Aligns with broader trends in tokenization, stablecoins, and DeFi maturation

How This Impacts the Broader Ethereum Ecosystem

Holding over 3.2% of supply makes this corporation one of the largest non-foundation ETH whales globally, rivaling even early Ethereum ICO participants and major staking pools. As it approaches the 5% milestone, it will become a top-tier economic stakeholder capable of running significant validation infrastructure while remaining fully compliant with U.S. securities laws.

Market observers note that this concentrated yet transparent corporate ownership adds constructive stability to ETH price action during volatile periods and signals to traditional finance that Ethereum has evolved into a mature, institutional-grade balance-sheet asset.

• Accelerates trend of public companies adopting ETH treasuries in 2025–2026
• Expected to deploy major domestic staking operations post-upgrade
• Increases Ethereum network security through aligned, long-term holders
• Provides a regulated proxy for investors seeking amplified ETH exposure
• Reinforces Ethereum’s narrative shift from “speculative asset” to “digital capital”

This undisclosed corporation’s relentless ETH accumulation throughout 2025 represents one of the clearest institutional conviction signals in the entire crypto market. With a clear roadmap to 5% ownership and substantial resources remaining, it is positioning itself as a cornerstone participant in Ethereum’s next phase of growth.

Investors tracking blockchain treasury trends should monitor official corporate filings and verified announcements for continued updates. As always, engage only through regulated platforms and prioritize secure wallet practices when interacting with digital assets.