Corporate cryptocurrency treasuries are emerging as a new class of public companies bridging traditional finance and digital assets, signaling rising institutional interest in crypto.
Corporate cryptocurrency treasury firms including Strategy, Metaplanet and SharpLink have collectively amassed $100 billion worth of digital assets, according to a Galaxy Research report released Thursday.
Bitcoin (BTC) treasury firms hold the lion’s share, with over 791,662 BTC worth around $93 billion on their books, representing 3.98% of the circulating supply. Ether (ETH) treasury firms hold 1.3 million ETH tokens, worth more than $4 billion, representing 1.09% of the Ether supply, the report states.
Corporate buyers are becoming a key source of Ether liquidity alongside US spot ETH exchange-traded funds, which recently posted 19 consecutive days of net inflows, a record for the products.
Ethereum ETF Flow (USD, million). Source: Farside Investors
Since July 3, the Ether ETFs amassed $5.3 billion worth of ETH as part of their record winning streak, Farside Investors data shows.
More corporate buying and continued ETF inflows may help Ether surpass the $4,000 psychological mark, which is also the year-end price target of Standard Chartered, the bank said in a Tuesday research report.
Net Ether buying since June 1, treasury firms, ETH ETFs. Source: Standard Chartered
“We think they may eventually end up owning 10% of all ETH, a 10x increase from current holdings,” the bank said, adding that Ether treasury firms have more growth potential compared to Bitcoin treasuries, from a “regulatory arbitrage perspective.”
Related: Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto
Cryptocurrency treasury firms a global phenomenon beyond the US
Ether’s growing corporate acquisition signals a shift in institutional recognition for Ether as the next emerging treasury asset class.
The top 10 corporate holders amassing 1% of Ether’s supply marks an institutional “shift” in perception, according to Enmanuel Cardozo, market analyst at Brickken asset tokenization platform.
“These companies aren’t just passively…
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