Ethereum’s 10th anniversary saw corporate crypto treasury firms surpass $100 billion in investments, with Ether seeing increased interest. Standard Chartered predicts corporations could hold 10% of Ether supply, potentially driving its price to $4,000, faster than Bitcoin’s treasury adoption. Corporate adoption of Ether is accelerating, enabling value generation.
Ethereum turned 10 with hopes of challenging its all-time high. It has become the largest DeFi blockchain with $85 billion in total value locked. Vitalik Buterin launched Ethereum in 2015, raising $18.3 million in its ICO. Ether is now the second-largest cryptocurrency after Bitcoin, shaping history with its booms and busts.
Corporate cryptocurrency treasuries, including Strategy, Metaplanet, and SharpLink, hold $100 billion worth of digital assets, with Bitcoin treasuries leading. Ether treasury firms hold 1.3 million ETH tokens, worth over $4 billion. Ether ETFs have seen record inflows, with a potential price target of $4,000 by year-end, according to Standard Chartered.
Phoenix Group launched a $150 million cryptocurrency reserve, becoming the first publicly listed company on the Abu Dhabi Securities Exchange with a digital asset treasury. More Bitcoin miners are exploring altcoins, signaling institutional interest beyond Bitcoin. BitMine Immersion Technologies aims to acquire 5% of Ether’s supply.
Metaplanet seeks to raise $3.7 billion to buy Bitcoin, issuing preferred shares with a 6% annual dividend. Corporate crypto treasury firms have surpassed $100 billion in investments, driving Bitcoin’s value. Continued accumulation could push Bitcoin’s price above $132,000 based on M2 money supply growth, potentially by the end of 2025.
Veda appointed former SEC official TuongVy Le as general counsel to expand its crosschain yield products for institutional investors. Le advised Congress on digital asset legislation and played a role in early SEC crypto enforcement actions. Veda aims to expand DeFi offerings with Le’s expertise and experience in regulatory matters.
Read more at Cointelegraph: Crypto Treasurys Top $100B for Ethereum’s 10th Anniversary: Finance Redefined