This week, 16 companies announced intentions to purchase cryptocurrency totaling over $7.8 billion, with a focus on Ethereum.
Ethereum in the Spotlight
BTCS Inc. led the Ethereum charge this week, planning to raise up to $2 billion for ETH purchases. Sharplink Gaming, managed by Joe Lubin, acquired $338 million worth of ETH, while The Ether Machine added 15,000 ETH valued at approximately $57 million.
Demand for Altcoins
Several companies also expressed interest in altcoins. Tron Inc. aims to raise $1 billion to acquire TRX tokens, while CEA Industries, after rebranding, has become focused on BNB, aiming to raise between $500 million and $1.25 billion.
Bitcoin is Not Left Behind
Meanwhile, seven companies committed to buying Bitcoin worth a combined $2.7 billion. Strategy includes raising $2.5 billion to acquire 21,021 BTC. Other companies, such as The Smarter Web Company and Metaplanet, are also actively purchasing BTC.
This week marked a significant shift in corporate investments in cryptocurrency, highlighting growing interest from traditional finance companies.
