Ten Years of Ethereum: Corporations and Wall Street Eye Ether as an Asset

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by Giorgi Kostiuk

a year ago

This article focuses on the tenth anniversary of Ethereum and the growing interest in ETH from major corporations and institutional investors.

Ethereum as a Corporate Asset

On Wednesday, July 30, Ethereum celebrates its 10th anniversary, having introduced smart contract capabilities and laying the foundation for the decentralized finance ecosystem. Over this period, the network has maintained uninterrupted operation and attracted the attention of major financial institutions.

Largest Corporate Ether Holders

Cointelegraph's research identified the five largest corporate holders of Ether, with BitMine Immersion Technologies leading at 625,000 ETH. Second is Sharplink with 438,190 ETH. Bit Digital holds 100,603 ETH, and BTCS Inc. and GameSquare Holdings Inc. round out the list with 70,028 and 12,913 ETH respectively.

Institutional Investments in Ether

According to Gracy Chen, CEO of crypto exchange Bitget, institutions are starting to view Ethereum as the next major digital reserve asset. Chen pointed to increasing Ether acquisitions by organizations, which have purchased more than 1% of the total circulating ETH supply since June, surpassing similar Bitcoin purchases.

As Ethereum celebrates its 10th anniversary, it continues to attract the attention of large corporations and investors, which may stimulate its value growth in the future.

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