Bitmine has overtaken Coinbase in Ethereum holdings, now ranking among the top five institutions with significant ETH reserves. According to Odaily News Strategic ETH Reserve data, the total Ethereum holdings of institutions with more than 100 ETH have surpassed 1.5 million, valued at approximately $4.984 billion. The number of institutions holding over 100,000 ETH has increased to seven, including SharpLink Gaming, Ethereum Foundation, PulseChain Sac, Bitmine Immersion, Coinbase, Golem Foundation, and Bit Digital.