In recent weeks, companies have been actively investing in Ether, accumulating significant volumes of the cryptocurrency. This article examines the main trends and corporate strategies.
Analysis of Ether Accumulation
Corporate companies have accumulated over 545,000 Ether in the past 30 days, amounting to approximately $1.6 billion. Notably, BitMine Immersion Technologies, chaired by Fundstrat's Tom Lee, announced its holdings of 163,142 ETH, valued at $480 million.
SharpLink: The Treasury Leader
Gaming platform SharpLink, founded by Joseph Lubin, acquired 10,000 ETH on July 11, 16,370 ETH on July 13, and a further 24,371 ETH for $73.2 million on Monday, bringing its total to over 255,000 ETH, making it the largest corporate Ethereum treasury. Lubin referred to himself as a 'self-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen.'
Ethereum Growth and Investment Funds
Recent studies show that Ethereum-linked investment funds have seen $990 million in inflows over 12 consecutive weeks, marking the fourth largest weekly inflow. Ethereum products have attracted over $4 billion in inflows this year, with nearly 30% of that amount occurring in the last two weeks.
Companies continue to build their Ether reserves, reflecting a growing interest among institutional investors in this cryptocurrency. These trends could significantly impact the Ethereum market in the future.
