Recently, there has been significant growth in investments in Ethereum from corporate treasuries. These companies are aggressively accumulating the cryptocurrency, confident in its long-term prospects.
Corporate Ethereum Holdings
According to the latest data, corporate treasuries now hold over 4.1 million ETH, representing about 3.4% of the total supply of this cryptocurrency and valued at $17.6 billion.
Key Market Players
The largest holder is BitMine Immersion, which has increased its holdings to 1.52 million ETH, valued at $6.6 billion. Second place goes to SharpLink Gaming with approximately 741,000 ETH valued at $3.2 billion.
Ethereum Price Predictions
Currently, ETH is trading at around $4,286, which is about 10% lower than its peaks in early August. Analysts note that ongoing accumulation by corporate buyers could serve as a catalyst for future price growth.
Considering the long-term investment strategies of firms like BitMine and SharpLink, Ethereum may be positioned for positive growth, although short-term price fluctuations remain.
