Corporations Pile Into Ethereum: Record Buying Spree Signals Institutional Shift

In just three months, a significant surge has occurred within the corporate landscape as companies have accumulated an impressive $19 billion worth of Ethereum – nearly 4.6 million ETH in total. This acquisition spree is particularly noteworthy because it happened almost entirely during Q3 alone, signifying a sudden shift from skepticism to active Ethereum investment by major corporations. The market hasn’t been immune to volatility either: Ether briefly surpassed $4,300 before the latest downturn pushed prices back below $4,000. Despite this, industry experts remain optimistic about a rebound and have even set targets for Ethereum reaching $10,000 to $12,000 per coin by year-end.