- Corporate treasuries are piling in 1.26 million ETH in two months: the flow of ETH into corporate treasuries rivals the ETFs’ inflows of 1%.
- BitMine has set its gambit at one-fifth (5 percent) of the ETH supply, and SharpLink accumulated over 438,000 ETH at the time of writing.
- Ether/Bitcoin Pair Rises: Ethereum rises stronger than Bitcoin, and treasury and ETF demand drive up the ratio of ETH/BTC to 0.032 from 0.018.
Ethereum treasury firms have acquired 1.26 million, or 1 percent of the total supply, within two months, according to Standard Chartered. This is almost equal to the rate at which exchange-traded funds have been buying ETH to the tune of 2 million over the same time frame. It is one of the heaviest institutional buying spells that Ethereum has ever seen.
The report, which is headed by Geoffrey Kendrick, predicts that treasury companies might multiply their possessions ten times. Such companies can therefore own up to 10 percent of the total amount of ETH in the future, according to this projection. Kendrick cites the strategic interest in Ethereum staking rewards and access to DeFi as the buying activity, as that could not be achieved using ETFs in a number of jurisdictions.
Institutional demand is increasing, and key players are extending their ETH strategies.
BitMine (BMNR) is already the leader in the ETH treasury sector with the vision to end up with 5 percent of all the Ethereum. This objective means approximately 6 million ETH will be purchased. Other companies that have announced plans to do the same with ETH are BTCS, GameSquare Holdings, and The Ether Machine.
Many of the ETH were purchased by SharpLink Gaming (SBET), which has ConsenSys founder and Ether inventor Joe Lubin as an investor. This adds over 438,000 ETH to its treasury holdings and ranks it second after the treasury holdings. The recent acquisition by SharpLink is more than the number of ETH that was issued last month.
Treasury and ETF Inflows on Ethereum Performance
Kendrick also said that the recent outperformance of ETH compared to BTC is the result of high institutional demand. The ETH/BTC ratio has risen to a point of 0.032 as compared to 0.018 in April. Standard Chartered assumes that in case such inflows persist, ETH may end 2025 at $4,000.
