Corporations have acquired 1% of Ether (ETH) supply since early June, according to a Standard Chartered report released on Tuesday. The bank noted that companies are purchasing Ether faster than Bitcoin, showing growing institutional focus on Ethereum.
The report stated that Ether-focused corporate treasury firms have invested twice as quickly as Bitcoin-focused firms in the same period. This trend has aligned with the performance of spot Ether exchange-traded funds (ETFs).
Standard Chartered wrote,
“Buying by these companies, along with the best period for ETH ETFs on record, has certainly contributed to those gains.”
Ether is trading at $3,762, remaining 21% below its all-time high of $4,890 recorded in November 2021.
Standard Chartered said corporate Ether holdings could rise to 10%, marking a tenfold increase from current levels. The report explained that Ether-focused treasury firms can use staking rewards and decentralized finance (DeFi) opportunities not available through U.S.-listed Ethereum ETFs.
The bank stated,
“We think they may eventually end up owning 10% of all ETH.”
This projection followed rising corporate accumulation of Ether and inflows into U.S. spot Ether ETFs.
Ether’s upcoming 10th anniversary and its integration in staking and DeFi have also coincided with these institutional purchases. Standard Chartered connected corporate activity directly with Ethereum’s expanding role in blockchain finance.
BitMine Immersion Tech is the largest corporate Ether holder with 625,000 ETH, or 0.52% of Ether’s circulating supply, according to its announcement on Tuesday. The company disclosed this as part of a $1 billion stock repurchase program.
BitMine previously said it plans to acquire up to 5% of all Ether, requiring an additional purchase of around 6 million ETH, Standard Chartered reported. This would make BitMine the largest corporate Ether treasury holder if completed.
Sharplink, listed on Nasdaq, is the second-largest holder with 438,190 ETH. It bought $290 million worth of Ether between July 21 and 27 at an average price of $3,756, according to its filing.
A new firm, Ether Machine, announced plans to acquire over 400,000 ETH worth $1.5 billion and list publicly under the ticker ETHM on Nasdaq. The company said it would establish one of the largest onchain Ether positions among public firms.
These developments follow increased inflows into spot Ether ETFs and corporate treasury acquisitions. Standard Chartered linked these trends with ongoing institutional participation in Ethereum’s ecosystem.
Public companies like BitMine, Sharplink, and Ether Machine are accumulating Ether while also expanding exposure to Ethereum’s staking and DeFi opportunities, as outlined in the report.
