Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto
Main Idea
Ethereum celebrates its 10th anniversary, with major corporate holders and Wall Street increasingly viewing ETH as a treasury reserve asset, signaling growing institutional interest.
Key Points
1. Ethereum went live on July 30, 2015, and has maintained 10 years of uninterrupted uptime, becoming a foundational platform for decentralized finance (DeFi).
2. BitMine Immersion Technologies is the largest corporate ETH holder with 625,000 ETH, followed by Sharplink with 438,190 ETH, BTCS Inc. with 70,028 ETH, and GameSquare Holdings Inc. with 12,913 ETH.
3. Institutional investors, including Wall Street firms, are increasingly considering Ethereum as a treasury reserve asset, with corporate treasury firms purchasing over 1% of ETH's circulating supply.
4. Standard Chartered predicts continued institutional accumulation and strong inflows into US spot Ether ETFs could push ETH above $4,000 by year-end.
5. Gracy Chen, CEO of Bitget, notes that Ethereum is seen as the next major digital reserve asset after Bitcoin, reflecting broader TradFi adoption.
Description
Ethereum turns 10 as corporate treasury firms and Wall Street entities increase their Ether holdings, signaling growing institutional adoption.
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