Recent analyses indicate that many companies are actively accumulating Ethereum, which experts believe could impact its market valuation and prospects.
Companies Accumulating ETH
Geoffrey Kendrick, the global head of digital assets at Standard Chartered, noted that Ethereum-focused firms have acquired about 2.6% of the total token supply in the past three months, while spot ETFs added another 2.3%. One of the most aggressive buyers is BitMine Immersion, targeting a 5% stake of all ETH.
Buyback Support
SharpLink has already pledged to buy back shares if its net asset value (NAV) falls below 1.0, a move Kendrick believes creates a 'hard floor' for the stock. He also suggests that Ethereum treasuries offer more appealing prospects than U.S. spot ETFs.
Price Targets and Outlook
Kendrick has maintained a $7,500 year-end target for ETH and believes it could climb to $25,000 by 2028. With ETH currently trading around $4,530, he described the recent sell-off as 'a great entry point.' Standard Chartered also expects Bitcoin to reach $135,000 by the end of September and finish the year at $200,000.
The analysis shows that despite high prices, Ethereum and companies stockpiling this token may represent some of the best investment opportunities in the cryptocurrency market.
