Corporate cryptocurrency reserves are becoming an emerging force connecting traditional finance with digital assets, marking a growing interest from institutional investors in crypto assets.
A report released by Galaxy Research on Thursday shows that corporate cryptocurrency reserve companies, including Strategy, Metaplanet, and SharpLink, have collectively held digital assets worth approximately $100 billion.
Bitcoin (BTC) reserve companies dominate, holding over 791,662 BTC on their books, valued at about $93 billion, which accounts for 3.98% of the circulating supply. Ether (ETH) reserve companies hold 1.3 million ETH tokens, valued at over $4 billion, representing 1.09% of the Ether supply, the report noted.
Corporate buyers are becoming a key source of liquidity for Ether alongside the recently launched U.S. spot ETH exchange-traded funds (ETFs), which have recently set a historical record for 19 consecutive days of net inflows.
Data from Farside Investors shows that since July 3, the Ether ETF has accumulated $5.3 billion worth of ETH during this record-breaking winning streak.
Standard Chartered Bank stated in a research report released on Tuesday that more corporate purchases and ongoing ETF inflows could help Ether break the psychological barrier of $4,000, which is also the bank's year-end price target.
"We believe these companies could ultimately hold 10% of all ETH, a tenfold increase from current holdings," the bank noted, adding that from a "regulatory arbitrage perspective," Ether reserve companies have greater growth potential than Bitcoin reserve companies.
The increase in corporate acquisitions of Ether signifies a shift in institutional recognition of Ether as a new generation of reserve asset class.
Enmanuel Cardozo, a market analyst at Brickken asset tokenization platform, stated that the top 10 corporate holders collectively own 1% of the Ether supply, marking a significant "shift" in institutional awareness.
"These companies are not just passively holding ETH; they are also actively participating in staking, leveraging operations, and integrating it into broader treasury strategies," he said in an interview with Cointelegraph.
"This process is developing more rapidly compared to the early adoption phase of Bitcoin reserves," he added, as Ether allows companies to leverage staking yields and "actively create value."
Despite significant inflows, Cointelegraph data shows that the price of Ether is still 21% lower than its historical high of $4,890 set in November 2021.
While the long-term outlook for Ether remains positive, returning to historical highs before the end of summer would require nearly "perfect conditions," including sustained inflows and a favorable macro environment.
Cardozo stated that while historical highs may not occur until the end of 2025, ongoing corporate and ETF inflows are laying the groundwork for the "early stages of long-term revaluation" of the world's second-largest cryptocurrency.
Related: Reports indicate that CoinDCX employees have been arrested for their alleged involvement in a $44 million cryptocurrency hacking incident.
Original: “Corporate cryptocurrency reserves surpass $100 billion, Ether (ETH) purchases accelerate”
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