Recently, Ethereum (ETH) has gained significant traction among institutional investors, with corporate treasuries accumulating a notable amount of ETH over the past month.
Ethereum: Wave of Institutional Purchases
In the past 30 days, corporate treasuries have purchased over $1.6 billion in ETH, with more than 545,000 ETH accumulated by various companies in the Ethereum space. This surge coincides with rising prices and market optimism.
Major ETH Holders
The largest corporate holders of ETH include SharpLink and BitMine Immersion Technologies. SharpLink holds over 255,000 ETH, while BitMine Immersion Technologies holds 163,142 ETH. These companies illustrate the strategy of forming Ethereum treasuries, similar to those exercised for Bitcoin.
Current Market Trends and Predictions
Ethereum recently surpassed the $3,000 mark again, attributed to growing institutional investor interest and increased capital inflow into Ethereum-based investment products. Last week, ETH funds attracted $990 million, marking the fourth-largest weekly inflow on record.
The increasing interest in Ethereum from institutional investors and corporate treasuries may represent a crucial factor in the cryptocurrency market in the months ahead.
