Ethereum is poised to see a significant surge in institutional ownership, with treasury management firms like
BitMine and
SharpLink
reportedly planning to invest roughly $27 billion to acquire more ETH. Crypto market analyst RiskOnBobby highlighted these intentions in a recent
assessment.
BitMine Immersion Technologies is expected to lead the charge. They recently adjusted their at-the-market (ATM) equity program, with an updated filing on August 12 revealing plans for a $20 billion
expansion
specifically aimed at acquiring more Ethereum.
Furthermore, SharpLink, spearheaded by Joseph Lubin, has also
announced
a capital raise of $900 million. This injection of funds is explicitly intended for purchasing additional Ethereum.
These initiatives are part of a larger trend within the cryptocurrency space, where multiple firms are preparing to commit substantial capital to increase their holdings of ETH.
Tom Donleavy, Head of Venture at Varys Capital,
estimates
that this combined investment could potentially acquire approximately 6 million ETH based on current market valuations. This volume represents around 5% of the total existing Ethereum supply and about one-third of the ETH currently held on cryptocurrency exchanges.
Data from Strategic ETH Reserve indicates that 71 treasury firms focused on Ethereum currently hold 3.57 million ETH, with a total value of $16.68 billion. This represents roughly 2.95% of the total ETH supply, demonstrating the increasing presence of these corporate and institutional entities in the Ethereum ecosystem.
If these planned acquisitions come to fruition, the total Ethereum held by treasury firms could potentially rise to around 10% of the cryptocurrency’s total supply.