A notable shift is underway in the cryptocurrency market landscape, with Ethereum treasuries exceeding Bitcoin reserves in terms of total supply percentage held. This transition represents a significant change in investor strategies and preferences, driven by Ethereum’s growing appeal as a yield-generating asset. 71 firms have raised over $15 billion for digital asset treasury initiatives, demonstrating the increasing institutionalization of crypto assets. Ethereum’s market share has surged, with its treasuries holding approximately 3.5% of the total Ether supply, surpassing Bitcoin’s 3.4%. This dynamic highlights Ethereum’s potential beyond just serving as a store of value.