Corporate cryptocurrency treasury holdings have surpassed $100 billion, signaling growing institutional interest in the crypto space, according to a Galaxy Research report released on Thursday. This milestone is driven by firms like Strategy, Metaplanet, and SharpLink, which are increasingly incorporating digital assets into their financial strategies.
Bitcoin treasury firms hold the majority of these assets, with over 791,662 BTC, valued at approximately $93 billion. This represents 3.98% of the total circulating supply of Bitcoin. Ether treasury firms hold a significant amount as well, possessing 1.3 million ETH tokens, worth over $4 billion, which accounts for 1.09% of the circulating Ether supply.
Ether’s liquidity is significantly influenced by corporate buyers and U.S. spot ETH exchange-traded funds (ETFs). These ETFs have recorded 19 consecutive days of net inflows, marking a record for these investment products. Data from Farside Investors indicates that Ether ETFs have accumulated $5.3 billion worth of ETH since July 3, contributing to their ongoing success.
Standard Chartered suggested that continued corporate buying and ETF inflows could propel Ether above the $4,000 mark, which is also their year-end price target. The bank noted in a Tuesday research report that treasury firms might eventually hold 10% of all ETH, a tenfold increase from their current holdings. They also highlighted that Ether treasury firms have greater growth potential than Bitcoin treasuries due to “regulatory arbitrage.”
Enmanuel Cardozo, a market analyst at Brickken, noted that the top 10 corporate holders now possess 1% of Ether’s supply, indicating a significant institutional shift. Cardozo told Cointelegraph, “These companies aren’t just passively holding ETH, they’re staking it, leveraging it, and integrating it into broader treasury strategies.” He added that Ether adoption is happening faster than Bitcoin’s early treasury adoption phase, as Ether allows corporations to generate value through staking yields.
Despite these substantial inflows, Ether’s price remains 21% below its all-time high of $4,890, which was reached in November 2021. Recapturing this peak before the end of the summer would require near “perfect conditions,” including sustained inflows and a favorable macroeconomic environment.
While a return to the all-time high might not occur until late 2025, the continuous corporate and ETF inflows are laying the groundwork for a longer-term revaluation of Ether, according to Cardozo. He described this as the “early stages” of a significant shift in Ether’s market value.
