Ethereum climbed 5.9% to 3,155 on Wednesday, reaching its highest price since February as corporate treasury adoption accelerates.
Ethereum News:Ethereum climbed 5.9% to 3,155 on Wednesday, reaching its highest price since February as corporate treasury adoption accelerates.
SharpLink Gaming acquired 225 million worth of Ethereum this month, bringing its total holdings to 280,000 Ethereum, worth 884 million at current prices.
The Minnesota company pivoted from online gambling marketing to Ethereum stockpiling in May, with Consensys CEO Joseph Lubin joining its board of directors.
BitMine Immersion Technologies raised 250 million in June to create an Ethereum treasury, acquiring over 500 million worth of Ethereum since then.
Peter Thiel's Founders Fund purchased a 9.1% stake in BitMine, while the firm's BMNR stock has spiked over 1,100% since its first Ethereum acquisition.
Bitcoin mining firm Bit Digital wound down its mining operations to focus on its Ethereum-native treasury and staking strategies.
The company shifted its entire treasury to Ethereum, accumulating 100,603 Ethereum worth over 316 million at today's price.
These treasury allocations reduce circulating supply and signal long-term institutional confidence in Ethereum as a yield-bearing financial asset rather than just a decentralized finance speculation tool.
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