On its 10th anniversary, Ethereum witnessed a significant surge in corporate crypto holdings, with the collective value of assets managed by major corporate treasury firms surpassing $100 billion.

Corporate Ether Holdings Exceed 1%

Cryptocurrency treasury firms representing the top 10 entities have added over 1% of the total Ether supply since early June. These firms hold more than 1.3 million ETH tokens, valued at approximately $4 billion.

This accelerated adoption of Ether for corporate treasury management, involving strategies like staking for yield, is occurring more rapidly than Bitcoin’s initial institutional uptake.

Projected Ether Demand

Several experts and financial institutions anticipate corporate treasuries could eventually own up to 10% of all ETH. This potential influx, alongside record inflows into US spot Exchange-Traded Funds (ETFs), has propelled discussions about challenging Ether’s previous all-time high.

A bank recently forecasted that Ether could reach a $4,000 price target by year-end if corporate ownership materializes as expected.

Ten Years of Innovation

Ethereum, established a decade ago by Vitalik Buterin, has evolved into the leading decentralized finance (DeFi) blockchain. Currently holding nearly $85 billion in Total Value Locked (TVL), Ether ranks as the world’s second-largest cryptocurrency by market cap, following Bitcoin.

Key milestones in its history include the ICO boom, the DeFi Summer, and the subsequent rally and fall of the NFT market.

Corporate Cryptocurrency Treasuries Surge Past $100 Billion

Data reveals that corporate treasury holdings collectively surpassed the $100 billion mark. Bitcoin dominates this landscape, accounting for 3.98% of its circulation through corporate wallets, valued at approximately $93 billion. Ether holdings, while significantly lower at ~$4 billion (1.09% of total supply), signal growing institutional confidence.

The surge in corporate holdings is increasingly contributing to market liquididity, complementing institutional investment from US-listed ETH ETFs.

Featured Corporates: Phoenix Group, AstroX Capital & Metaplanet

Abu Dhabi’s publicly traded Bitcoin mining company, Phoenix Group, recently announced a $150 million crypto treasury, holding 514 BTC and 630,000 SOL. This makes it the first ADX-listed company to hold a strategic treasury.

AstroX Capital, one of the industry’s premier Bitcoin holders, further consolidated its position with plans to acquire a substantial, though not public, portion of the Solana supply.

Meanwhile, Japanese investment powerhouse Metaplanet is seeking additional funds to accelerate its Bitcoin accumulation target.

Metaplanet Aims for $3.7B Fundraise to Acquire 210k BTC

Japan-based investment group Metaplanet announced plans to raise $3.7 billion to acquire 210,000 BTC by 2027. It intends to issue perpetual preferred shares yielding a potential 6% annually. The company claims to have pioneered this structure.

This fundraise underscores deepening institutional strategies focused purely on Bitcoin accumulation.

Specialized Governance and Regulatory Expertise Enters DeFi

Decentralized finance platform Veda bolstered its team by hiring TuongVy Le, a former top official at the U.S. SEC who led enforcement actions against early crypto ICOs and DeFi projects.

DeFi Market Trends

Despite volatility, the DeFi sector continues to evolve, attracting institutional interest through cross-chain yield opportunities. While some meme tokens experienced significant declines, DeFi Total Value Locked (TVL) remains robust.