As Ethereum, the darling of the digital world, flirted with the $3,000 mark earlier this week, a few corporate treasuries decided it was high time to throw their hats into the ring. Bit Digital, a name that has long been synonymous with Bitcoin, has announced a rather theatrical pivot. They are raising a whopping $67.3 million through a registered direct offering, not to mention, to expand its Ethereum treasury. 🎉
This move marks Bit Digital’s grand shift from its Bitcoin mining roots to becoming a dedicated institutional Ethereum holder and staker. Oh, the drama! In June, the firm revealed it had been accumulating ETH since 2022, a secret well-kept, one might say. 🤫
On July 14, Fundstrat’s Tom Lee, the man behind BitMine Immersion Technologies, also announced that his company holds 163,142 ETH, worth around $480 million at current market prices. Quite the treasure trove, wouldn’t you say? 🏴☠️
Ether Treasury Holdings Expand
The companies join a growing list of firms building ETH-native treasuries as institutions recognize ETH’s potential in staking and treasury growth. Corporate treasuries have collectively acquired over 545,000 ETH in the past month alone. It’s a veritable gold rush, but with a digital twist. 🏭
The largest corporate Ethereum holder, SharpLink, has been accelerating its ETH accumulation recently. It purchased 10,000 ETH on July 11, 16,370 ETH on July 13, and another 24,371 ETH for $73.2 million on July 14, bringing its total holdings to over 255,000 ETH. Quite the collector, SharpLink is! 🛍️
🚨🚨🚨 $SBET / @SharpLinkGaming acquires another 24,371 $ETH for $73.21M. 👀
— maxxTFSA (@maxxTFSA) July 14, 2025
Other firms joining this wave include Blockchain Technology Consensus Solutions (BTCS), which raised $62.4 million this month to expand its holdings to 29,122 ETH. Last week, GameSquare also announced a strategic $100 million Ethereum treasury plan. The plot thickens! 🕵️♂️
Investment Funds Continue to Break Records
The institutional rush comes as Ethereum-based investment funds logged their 12th consecutive week of inflows. Last week, these products cumulatively accumulated $990 million, the fourth-largest weekly inflow on record, according to the data shared by CoinShares. It’s a record-breaking spree, and one can’t help but feel a bit of FOMO. 🤯
Ethereum funds have now seen over $4 billion in inflows this year. Interestingly, around 30% of that entered in the past two weeks as institutions intensified their ETH exposure, boosting the cryptocurrency’s long-term price potential. It’s a thrilling ride, isn’t it? 🎢
Ether achieved a weekly high of $3,073 on July 14 before facing a slight pullback due to a broader market downturn. Analysts are suggesting bullish signals for ETH, calling it one of the best crypto to invest in this year. At the time of writing, the second largest cryptocurrency is trading around $2,974, up by around 16.5% in the past week. A true star is born! 🌟
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2025-07-15 16:53