Ethereum treasury companies could expand their ETH holdings by another $27 billion
Ethereum-focused treasury companies, including BitMine and SharpLink, indicate plans to allocate roughly $27 billion toward additional ETH acquisitions, according to an analysis by crypto market commentator RiskOnBobby.
The bulk of this planned investment comes from BitMine Immersion Technologies, which on Aug. 12 filed an amendment to expand its at-the-market (ATM) equity program by $20 billion.
Simultaneously, Joseph Lubin-led SharpLink also revealed a $900 million capital raise earmarked for further Ethereum purchases.
These moves are part of a broader trend, with several other firms preparing substantial capital outlays to increase their ETH holdings.
Tom Donleavy, Head of Venture at Varys Capital, estimates that such a funding pool could acquire nearly 6 million ETH at current market prices. That volume represents about 5% of Ethereum’s total supply and roughly one-third of all ETH currently held on exchanges.
According to Strategic ETH Reserve data, 71 ETH-focused treasury firms hold 3.57 million ETH, valued at $16.68 billion. This represents approximately 2.95% of the total supply, highlighting how these corporate and institutional players steadily increase their Ethereum footprints.
So, if the planned acquisitions are executed, treasury-owned Ethereum could climb to around 10% of the total supply.
The post Ethereum treasury companies could expand their ETH holdings by another $27 billion appeared first on CryptoSlate.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
