Institutional interest is increasingly shifting toward Ethereum, with corporate entities accumulating ETH at a pace surpassing that of Bitcoin, according to a recent report by Standard Chartered.
Since early June, companies managing cryptocurrency treasuries have acquired roughly 1% of Ethereum’s total circulating supply. This marks a notable acceleration in Ethereum purchases compared to those focused on Bitcoin, the report said on Tuesday.
According to the bank, the surge in corporate demand for ETH has played a role in the cryptocurrency’s recent price resilience. Additionally, strong performance from spot Ethereum exchange-traded funds (ETFs) has further supported upward momentum.
“The combined impact of these corporate acquisitions and record-breaking inflows into ETH ETFs has contributed significantly to Ethereum’s price gains,” the report stated.
Standard Chartered believes that if institutional inflows continue at this pace, Ethereum could exceed its $4,000 target by the end of the year. However, ETH still trades more than 21% below its all-time high of $4,890 reached in November 2021.
Ethereum Holdings Could Multiply 10x
The bank also sees a strategic advantage for Ethereum-focused treasury firms. Due to regulatory differences, these firms can benefit from both staking yields and decentralized finance (DeFi) opportunities — avenues not currently available to U.S.-based Ethereum ETFs.
“We estimate these entities could eventually hold up to 10% of the total ETH supply — a tenfold increase from current levels,” the report said.
At present, the largest known corporate holder of Ethereum is BitMine Immersion Technologies, which owns 625,000 ETH, representing 0.52% of the total supply. The company revealed its position during the announcement of a $1 billion stock buyback initiative.
BitMine has previously signaled its intent to acquire as much as 5% of Ethereum’s total supply — a move that would require purchasing another 6 million ETH tokens, according to Standard Chartered.
Sharplink, listed on Nasdaq, ranks as the second-largest corporate ETH holder. It purchased 438,190 ETH — valued at approximately $290 million — between July 21 and July 27 at an average price of $3,756 per token.
Meanwhile, a new player is entering the space. A recently formed company called “The Ether Machine” revealed plans to amass over 400,000 ETH — worth more than $1.5 billion — and to list publicly on Nasdaq under the ticker “ETHM,” potentially becoming one of the largest on-chain ETH holders among publicly traded entities.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
