Vitalik Buterin says Ethereum treasury is ‘good’ but THIS risk remains

Key Points

1. Vitalik Buterin supports Ethereum treasury firms, stating they provide more options and are beneficial for ETH.

2. Over 60 players have acquired 3 million ETH (worth $11.8 billion), representing 2.5% of the total supply.

3. BitMine Immersion Technologies (BMNR) leads with 833.1K ETH, followed by SharpLinK Gaming (SBET) with 521.9K ETH and The Ether Machine (DYNX) with $1.35 billion ETH.

4. Treasury demand has rivaled ETFs, with Standard Chartered noting both acquired 1.6% of ETH's supply, and treasury stocks are considered better investments than ETH ETFs.

5. Selling pressure on exchanges increased as ETH neared $4K, contrasting with last week's rally marked by muted exchange inflows.