Arbitrum DAO Ethereum Holdings Skyrocket by 36% in August

Data from EntropyAdvisors indicates that Arbitrum DAO is among the first organizations to participate in Ethereum’s strategic reserve initiative. The DAO’s Ethereum holdings have surged by approximately 36%, growing to 22,500 ETH at the time of writing. This substantial increase in Ethereum assets equates to almost $100 million and represents a mere 0.02% of the total circulating supply of Ethereum.