Corporate Ethereum Holdings Surge, Reaching New Record High

A staggering 95% of all Ethereum held by public companies was acquired within the past quarter alone, according to Bitwise’s recent report. This rapid influx resulted in a significant increase for these corporations, with their holdings ballooning by over 1,900% compared to the previous three months. Bitwise highlights this trend, observing that only 27 public companies now hold this asset, totaling a value of $19 billion at the end of the period. This surge in corporate Ethereum adoption marks a major shift within the cryptocurrency landscape.