Several companies are beginning to actively invest in Ethereum, highlighting the growing interest of institutional investors in this cryptocurrency asset.
Increasing Interest in Ethereum
Ethereum has shown an increase, rising 7% over the past week. Despite active institutional involvement, the price of ETH remains within a narrow range. Ethereum co-founder Joe Lubin points to the growing corporate interest in ETH, stating that "Wall Street is interested in the ability to make money."
GameSquare's ETH Treasury Plan
GameSquare Holdings has launched an ETH-based treasury strategy in partnership with Dialectic. The company's board approved an allocation of up to $100 million for ETH, which will be used for operational liquidity. Additionally, GameSquare conducted a public offering to raise approximately $8 million to fund Ethereum acquisitions.
SharpLink's Purchase and Bit Digital's Strategy Changes
SharpLink Gaming announced the acquisition of 205,634 ETH valued at over $533 million. SharpLink has previously made several ETH purchases and plans to leverage its assets for staking. Meanwhile, Bit Digital has completely exited its BTC holdings and acquired over 100,000 ETH, making it one of the largest corporate treasury firms focused on Ethereum. The CEO remarked that "Ethereum has the potential to rewrite the entire financial system."
With the growing interest in Ethereum, many companies are investing in this asset, which could indicate its increasing influence on financial markets.
