A recent report shows that corporate cryptocurrency treasuries have surpassed $100 billion, highlighting growing institutional interest in crypto assets.
Growth of corporate cryptocurrency treasuries
According to a Galaxy Research report, corporate treasuries such as Strategy, Metaplanet, and SharpLink have collectively amassed over $100 billion in digital assets. This reflects a significant interest from traditional finance in cryptocurrencies.
Key assets and their significance
Corporate treasuries are primarily focused on Bitcoin (BTC) and Ethereum (ETH). Companies hold over 791,662 BTC, accounting for approximately 3.98% of total supply, and 1.3 million ETH, representing 1.09% of the supply of Ether. These figures highlight the increasing significance of cryptocurrencies as store-of-value assets.
Prospects for Ethereum and corporate holders
The analysis indicates that the current acquisition of Ethereum by corporates may signal its rising status as a new class of asset. According to analysts, corporate buyers of Ethereum could eventually own up to 10% of the total ETH supply.
Corporate cryptocurrency treasuries are evolving, creating new opportunities for institutional investors and expanding the cryptocurrency asset market.
