Public companies acquired 4.4 million ETH in the third quarter of 2025, amounting to approximately $19 billion, according to Bitwise. This marks a significant 1,937% increase in corporate Ethereum holdings compared to the previous quarter. BitMine Immersion Technologies leads with the largest share, holding around 3 million ETH. The accumulation of Ethereum by public companies, along with ETF reserves and staking activities, has resulted in over 47 million ETH being removed from liquid markets. This substantial reduction in available supply could influence price volatility and impact future price targets for Ethereum.