Altcoins News

Story: Ethereum Reserves Top $6B as Institutions Shift Focus from Bitcoin to ETH

By Maheen Hernandez

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Institutional Shift: Bitcoin Out, Ethereum In. In the past month, several companies have either initiated or expanded their Ethereum reserves,…

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SharpLink Doubles Down on Ether. SharpLink Gaming, a firm associated with Ethereum co-founder Joseph Lubin, has taken a bold step…

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Bitmine Targets 5% of Ethereum Supply. Another major player, Bitmine Immersion Technologies, has disclosed that it aims to control 5% of…

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Gamesquare Expands Ethereum Treasury. Gamesquare has also joined the Ethereum accumulation trend by raising $70 million through a public…

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Ethereum ETFs Gain Momentum. The surge in Ethereum reserves is not just limited to corporate treasuries.

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Why Institutions Are Choosing Ethereum. The growing preference for Ethereum over Bitcoin among large firms is rooted in Ethereum’s…

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Outlook: Is Ethereum’s Big Break Just Beginning?. With reserves crossing $6 billion, ETH staking yields growing, and ETF inflows reaching record…

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Ethereum is gaining serious ground in the institutional investment space as major corporations and asset managers continue to boost their Ether holdings, while reducing exposure…

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In the past month, several companies have either initiated or expanded their Ethereum reserves, signaling a growing preference for ETH over Bitcoin.

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More than 545,000 ETH, worth around $1.6 billion, have been accumulated by corporate treasuries over the last 30 days.

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In just the past nine days, SharpLink added $515 million worth of ETH to its treasury. Since early June, it has purchased 32,892 ETH valued at $115 million and earned another 415…

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“We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply,” stated Thomas Lee, Bitmine’s CEO.

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The surge in Ethereum reserves is not just limited to corporate treasuries. Ethereum exchange-traded funds (ETFs) are also seeing historic inflows.

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Since mid-April, spot ETH ETFs have received more than $4 billion in net inflows. This substantial capital influx highlights a broad-based institutional shift towards Ethereum,…

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At the time of writing, Ethereum is trading at $3,605.17, up 4.8% in the last 24 hours. This recent price movement reflects growing optimism surrounding ETH, driven largely by…

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