Tom Lee is the true HODLer, with the other 19 whales from the Top 20 Treasury List recently pausing their accumulation.

**February 5th** Per data from the Strategic Ethereum Reserve, as Ethereum dips toward $2,000 amid ongoing market declines, only BitMine—among the top 20 Ethereum Decentralized Autonomous Treasury (DAT) firms—has kept accumulating ETH over the past 30 days. BitMine leads all treasury firms in ETH holdings, currently holding 4.29 million ETH (valued at roughly $9.74 billion). Its 30-day accumulation rate stands at 3.4%, representing 3.54% of Ethereum’s total supply. BitMine also holds $586 million in cash and is expected to continue accumulating ETH. Tom Lee recently noted BitMine is debt-free. With Ethereum’s fundamentals strengthening, he called the recent market pullback “very attractive.” Long-term, Ethereum is poised to remain a core infrastructure pillar of the future financial system. Other major Ethereum treasury firms and institutions include: - SharpLink Gaming (SBET): No. 2, with 863,020 ETH (≈$1.96 billion) - The Ether Machine (ETHM): No. 3, with 496,710 ETH (≈$1.13 billion) - Ethereum Foundation: No. 4, with 229,470 ETH (≈$521 million) - Bit Digital (BTBT): No. 5, with 154,400 ETH (≈$350 million)