Largest Ethereum Treasury ETH Holdings Reach 4.17 Million in 2026 Amid Funding Limits

4.17 million ETH. That's the massive treasure chest held by the world's largest Ethereum-focused crypto treasury firm, but the buying spree is hitting a hard ceiling. While the firm has reached a historic milestone in its holdings, it's signaling that the road ahead is blocked by capital constraints.

Ethereum Treasury ETH Holdings 2026: A New Record Milestone

According to Reuters, the leading firm in the Ethereum treasury space has increased its total holdings to 4.17 million ETH as of early 2026. This accumulation reflects a long-term institutional commitment to the network's ecosystem, positioning the firm as a primary whale in the decentralized finance landscape.

The Capital Wall: Limits on Fresh Equity

However, the firm's ability to continue this aggressive expansion is now in question. It recently signaled that it has reached the limits of its current purchasing power. Without the authorization to issue fresh equity, the treasury cannot raise the necessary capital to acquire more ETH. This legislative or board-level hurdle could stall the firm's growth and its impact on market liquidity.