Industry experts predict that the Strategic Ethereum Reserve (SER), which tracks entities holding Ethereum (ETH) in their treasuries, could surpass 10 million ETH by May 2026.
This would represent an increase of approximately 1,166.3% from the current holdings, reflecting a continued accumulation trend and growing confidence in Ethereum as a store of value.
Strategic Ethereum Reserve Poised to Hit 10 Million ETH
According to the latest data from the SER website, the reserve currently holds 789,705 ETH, spread across 23 active participants, including major institutions and governments. It represents a collective effort by various entities to stockpile ETH over time.
The Ethereum Foundation leads with 265,343 ETH, followed by Coinbase with 137,334 ETH. Other notable entities include Golem Foundation (100,765 ETH), Gnosis DAO (66,587 ETH), the US Government (59,965 ETH), and others. At current prices, the total holdings are valued at approximately $2.1 billion.
Notably, Anthony Sassano, founder of The Daily Gwei, expressed strong confidence in the SER’s growth trajectory. In a statement on X, Sassano predicted that the reserve could surpass 10 million ETH by May 2026.
“Today, it’s under 1 million ETH in the reserve. In a years time, I bet it’s firmly over 10 million ETH in the reserve. The gold rush for ETH is going to be absolutely insane,” Sassano predicted.
Similarly, another analyst echoed this sentiment, labeling the SER a “black hole for ETH.” He anticipates that protocols, decentralized autonomous organizations (DAOs), treasuries, and Layer 2 solutions will increasingly compete to stake, restake, and accumulate ETH, potentially locking up over 10 million ETH in the coming years.
“This is how a monetary asset goes parabolic slowly, then all at once,” the analyst said.
Meanwhile, Ethereum proponent Shingen referenced a recent essay on SER. He noted that the reserve is still in its early stages with limited participation, but highlighted the essay’s narrative-building potential.
“It’s just the beginning, the amount is small, and it’s just a definition of what was originally an individual movement, but when you read this article, it’s written in a very emotional way, and when you think about it, it’s quite important in terms of creating a narrative. It’s also good that it’s not centered around listed companies,” Shingen wrote.
In the essay, the author reflected on how the Strategic Ethereum Reserve impacts the Ethereum ecosystem. The author emphasized that SER strengthens security by increasing staked ETH, making attacks more costly, and stabilizing ETH’s price.
It also promotes decentralization in staking, reducing reliance on centralized services. Additionally, SER encourages DAOs to hold ETH long-term, fostering more stable financial strategies and a stronger Ethereum ecosystem.
Nonetheless, it also raises concerns about centralization, market instability from large holders, and regulatory challenges for corporate participants. According to the author, greater transparency, improved governance, and regulatory clarity are needed to ensure long-term success.
The growing momentum behind an Ethereum reserve comes as ETH continues its latest price rally. On May 13, the altcoin briefly surged past the $2,700 mark, marking highs last seen on February 24.
ETH Price Performance. Source: TradingView
BeInCrypto data showed that ETH’s value appreciated 43.1% over the past week. At the time of writing, it was trading at $2,636, representing daily gains of 7.3%.
