$ETH Corporate Buying Accelerates as Firms Acquire 1% of Total Supply
Corporate cryptocurrency treasury firms have bought 1% of the total
$ETH supply since the beginning of June.
#Ethereum-focused treasury companies doubled their investment pace compared to their
$BTC counterparts during this period.
The accumulation trend contributed to
$ETH outperforming
$BTC in recent price action.
Standard Chartered forecasts corporations could eventually own 10% of all
$ETH tokens.
$ETH treasury firms capture staking rewards and DeFi opportunities that U.S. ETFs currently cannot access.
#BitMine holds 625,000
$ETH tokens, representing 0.52% of the total circulating supply.
#SharpLink acquired $290 million worth of
$ETH between July 21-27 at an average price of $3,756.
The Ether Machine plans to acquire over 400,000
$ETH, worth more than $1.5 billion, for a Nasdaq listing.