Ethereum Corporate Treasuries Accumulate $1.6 Billion in Major Buying Spree

Massive Corporate ETH Accumulation Continues

Corporate Ethereum treasury companies have accumulated more than 545,000 ETH over the past 30 days, representing at least $1.6 billion worth of Ether investments. This significant accumulation coincides with a massive weekly surge in institutional buying as Ether prices rallied.

BitMine Immersion Technologies Announces Major Holdings

BitMine Immersion Technologies, chaired by Fundstrat's Tom Lee, announced on Monday that its total Ether holdings reached 163,142 ETH, valued at approximately $480 million at current market prices. The company's aggressive accumulation strategy mirrors the Bitcoin treasury approach popularized by Michael Saylor's MicroStrategy.

Lee emphasized that ETH treasuries accumulating 5% of the total ETH supply could benefit from a similar "Wall Street put," suggesting that institutional investors will become as bullish on Ethereum as they have been on Bitcoin.

SharpLink Emerges as Largest Corporate Ethereum Treasury

Joseph Lubin's gaming platform SharpLink has established itself as the largest corporate Ethereum treasury holder through a series of strategic acquisitions. The company acquired 10,000 ETH on July 11, followed by 16,370 ETH on July 13, and an additional 24,371 ETH for $73.2 million on Monday.

These purchases bring SharpLink's total holdings to over 255,000 ETH, making it the largest corporate Ethereum treasury. Consensys founder Lubin has referred to himself as a "self-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen," acknowledging other companies participating in the accumulation trend.

Growing List of Corporate Ethereum Investors

Several other companies have recently expanded their Ethereum treasury holdings. Bit Digital, a digital asset platform, now holds more than 100,000 ETH after shifting focus from Bitcoin to Ethereum treasuries.

Blockchain Technology Consensus Solutions (BTCS) raised $62.4 million to expand its ETH holdings to 29,122 ETH this month, demonstrating continued institutional interest in Ethereum as a treasury asset.

GameSquare announced a strategic plan for a $100 million Ethereum treasury on July 8, further expanding the list of companies adopting Ethereum treasury strategies.

Ethereum Fund Inflows Reach Record Levels

Ethereum-based digital investment funds posted their 12th consecutive week of inflows, totaling $990 million according to asset manager CoinShares. This represents the fourth largest weekly inflow on record for Ethereum investment products.

Ethereum products have attracted more than $4 billion in inflows so far this year, with almost 30% of that amount coming in the last two weeks as institutions increase their exposure to the asset.

Institutional Adoption Accelerates

The relative performance of Ethereum inflows highlights growing institutional adoption. Over the past 12 weeks, Ethereum's inflows account for 19.5% of total assets under management for all global Ether funds, compared to 9.8% for Bitcoin funds.

This data suggests that institutional investors are increasingly viewing Ethereum as a viable treasury asset alongside Bitcoin, driven by its utility in decentralized finance and smart contract applications.

ETH Price Performance and Market Impact

ETH prices topped $3,000 for the first time since February on July 11, though they have pulled back below this level at the time of writing while maintaining a 17% gain for the week. The price surge coincides with the increased institutional buying activity and corporate treasury accumulation.

The combination of corporate treasury adoption and institutional fund inflows suggests sustained demand for Ethereum from large-scale investors, potentially supporting continued price appreciation in the medium term.

Future Outlook for Ethereum Treasuries

The trend toward corporate Ethereum treasuries appears to be accelerating, with companies recognizing the potential benefits of holding ETH as a treasury asset. The growing list of participants and increasing investment amounts suggest this trend will continue as more corporations adopt Ethereum treasury strategies.

As institutional adoption grows and more companies follow the lead of SharpLink, BitMine, and others, Ethereum's role as a corporate treasury asset is likely to expand further, potentially driving sustained demand and price appreciation.