Data: The total value of ETH treasury reserves of 64 entities has exceeded $10 billion

PANews reported on July 31st that The Block reported that the total value of Ethereum reserve assets has exceeded $10 billion, reflecting a growing trend of companies adding Ethereum to their balance sheets. SER data shows that as of Thursday, the total value of strategic Ethereum reserves reached $10.58 billion, encompassing 64 entities holding over 100 ETH. These reserves represent 2.26% of Ethereum's total supply. This $10 billion includes reserves held by publicly traded companies, crypto exchanges, DeFi protocols, nonprofit organizations, and the federal government. The largest Ethereum holder is Bitmine Immersion Tech, which has shifted its focus from Bitcoin mining to accumulating Ethereum. It holds 625,000 ETH (worth $2.42 billion), and its chairman, Tom Lee, has previously stated his goal to acquire and stake 5% of the total Ethereum supply. Close behind is Joseph Lubin's SharpLink Gaming, which holds 438,200 ETH. The third-largest holder, The Ether Machine, announced on Wednesday that it had purchased 15,000 ETH, bringing its reserves to 334,800. The three companies’ Ethereum reserves now surpass the long-dominant Ethereum Foundation, which currently holds 234,600 ETH.

                                                                               US President Donald Trump and UK Prime Minister Keir Starmer signed a memorandum of understanding on Thursday during Trump's state visit to the United Kingdom.                     The United States and the United Kingdom signed a memorandum of understanding on Thursday to jointly develop artificial intelligence, nuclear energy, telecommunications and quantum computing for a wide range of uses including space travel, military defense, targeted biomedical drugs and medical procedures.The MOU, which is not legally binding and changes no existing agreements between the two countries, proposes joint research initiatives between a host of government departments and agencies in both countries to study these emerging technologies.The two countries will form a task group to develop quantum computing hardware, software, algorithms and interoperability standards, according to the MOU.Read more