Crypto treasuries top $100B for Ethereum’s 10th anniversary: Finance Redefined
Main Idea
Ethereum celebrated its 10th anniversary with corporate crypto treasuries surpassing $100 billion, highlighting its growth as a leading DeFi blockchain and the increasing institutional interest in Ether and Bitcoin.
Key Points
1. Ethereum's 10th anniversary marked its rise as the largest DeFi blockchain with nearly $85 billion in total value locked (TVL).
2. Corporate crypto treasuries collectively hold over $100 billion in digital assets, with Bitcoin treasuries accounting for $93 billion and Ether treasuries $4 billion.
3. Ether ETFs have seen 19 consecutive days of net inflows, amassing $5.3 billion, potentially helping Ether surpass the $4,000 mark.
4. Phoenix Group launched a $150 million crypto treasury, including 514 Bitcoin and 630,000 Solana, as part of a long-term holding strategy.
5. Metaplanet plans to raise $3.73 billion to acquire 210,000 Bitcoin by 2027, reflecting aggressive corporate accumulation strategies in the crypto space.
Description
Ethereum’s 10th anniversary celebration was marked by an uptick in institutional demand for Ether as an alternative treasury reserve asset, prompting Wall Street to look past Bitcoin.
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