Public Companies’ Shift to Ethereum May Signal Growing Institutional Confidence in ETH Treasury Holdings

Key Points

1. Ethereum’s market capitalization surged past $414 billion, briefly exceeding $420 billion on July 17, 2025, driven by investments from firms like BTC Digital Ltd and BitMine Immersion.

2. BTC Digital Ltd and BitMine Immersion collectively injected over $1.5 billion into Ethereum, reflecting a strategic shift towards Ethereum’s ecosystem and scalability potential.

3. BitMine Immersion holds 300,657 ETH at an average price of $3,461.89 per token, positioning itself as one of the largest corporate ETH holders.

4. Industry analysts, including Bitwise CIO Matt Hougan, anticipate growth in Ethereum-based ETFs in late 2025, which could enhance liquidity and market depth.

5. The shift from Bitcoin to Ethereum by public companies underscores a broader trend of viewing ETH as a yield-bearing treasury asset with long-term value.