$ETH Surges to Five-Month High as Public Companies Build $ETH Treasuries


$ETH climbed 5.9% to $3,155 on Wednesday, reaching its highest price since February as corporate treasury adoption accelerates.


SharpLink Gaming acquired $225 million worth of Ethereum this month, bringing its total holdings to 280,000 $ETH, worth $884 million at current prices.


The Minnesota company pivoted from online gambling marketing to $ETH stockpiling in May, with Consensys CEO Joseph Lubin joining its board of directors.


#BitMine Immersion Technologies raised $250 million in June to create an Ethereum treasury, acquiring over $500 million worth of $ETH since then.


Peter Thiel's Founders Fund purchased a 9.1% stake in BitMine, while the firm's BMNR stock has spiked over 1,100% since its first $ETH acquisition.


#Bitcoin mining firm Bit Digital wound down its mining operations to focus on its Ethereum-native treasury and #staking strategies.


The company shifted its entire treasury to $ETH , accumulating 100,603 $ETH worth over $316 million at today's price.


These treasury allocations reduce circulating supply and signal long-term institutional confidence in $ETH as a yield-bearing financial asset rather than just a #DeFi speculation tool.

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July 16, 2025 at 5:51 PM
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