$ETH Treasury Firms Could Own 10% of Total Supply, Says #StandardChartered
Corporate treasury companies have purchased 1.26 million
$ETH since June, representing 1% of the total circulation.
Standard Chartered predicts these holdings could expand tenfold to reach 10% of all
$ETH in circulation.
The buying pace nearly matches the 2 million
$ETH purchased by exchange-traded funds during the same period.
$ETH treasury firms offer stronger upside potential than
$BTC counterparts through staking rewards and #DeFi access.
BitMine leads with plans to accumulate 5% of the total
$ETH supply, requiring 6 million additional tokens from current levels.
#SharpLink Gaming now holds over 438,000
$ETH after recent purchases totaling more than all #Ether issued last month.
The trend benefits from regulatory arbitrage as investors use public companies for
$ETH exposure in restricted jurisdictions.
If treasury buying continues,
$ETH could break above the key $4,000 level before year-end.