“`html
The 10th anniversary of Ethereum was commemorated by a notable achievement regarding institutional cryptocurrency adoption, as cryptocurrency treasury firms exceeded $100 billion in aggregate investments on Thursday.
Ethereum’s decade celebration ignited renewed corporate enthusiasm for Ether (ETH), which witnessed the top 10 corporate crypto treasury firms accumulate more than 1% of the entire Ether supply since early June, as indicated by a report from Standard Chartered on Tuesday.
The bank anticipated that businesses will eventually own 10% of the total Ether supply, a condition that could see the world’s second-most valued cryptocurrency surpass the bank’s year-end price goal of $4,000 per Ether.
Ether’s corporate uptake is “occurring more rapidly than with Bitcoin during its initial treasury adoption period,” since Ether allows companies to capitalize on staking rewards and “actively create value,” Enmanuel Cardozo, a market analyst at Brickken, told Cointelegraph.
Ethereum celebrates its 10th year: A reflection on its cycles of growth and decline
Ethereum marked its decade milestone on Wednesday, with invigorated institutional dynamics boosting expectations that Ether (ETH) might revisit its peak established in November 2021.
Throughout the last ten years, Ethereum has evolved into the preeminent decentralized finance (DeFi) blockchain, having nearly $85 billion in total value locked (TVL) as of this writing.
Vitalik Buterin, Ethereum’s co-creator, disseminated an initial version of the white paper back in 2013. The initiative gathered $18.3 million during its initial coin offering (ICO) and officially debuted in 2015 as a platform for smart contracts. Its cryptocurrency, Ether, currently ranks as the second-largest digital currency by market cap behind Bitcoin (BTC).
This retrospective highlights Ethereum’s first decade, illustrating the ICO surge, DeFi summer, and the rise and decline of non-fungible tokens (NFTs).
Corporate cryptocurrency treasury holdings reach over $100 billion as Ether purchases accelerate
Corporate cryptocurrency treasuries are emerging as a new category of public entities connecting conventional finance with digital assets, hinting at rising institutional interest in cryptocurrencies.
Corporate cryptocurrency treasury firms, including Strategy, Metaplanet, and SharpLink, have collectively accrued approximately $100 billion in digital assets, according to a Galaxy Research report released Thursday.
Bitcoin (BTC) treasury firms command the bulk, holding over 791,662 BTC valued at around $93 billion, which amounts to 3.98% of the circulating supply. Ether (ETH) treasury firms possess 1.3 million ETH tokens, worth exceeding $4 billion, constituting 1.09% of the Ether supply, per the report.
Corporate purchasers are becoming a pivotal source of Ether liquidity alongside US spot ETH exchange-traded funds, which recently recorded 19 consecutive days of net inflows—a record for these products.
Since July 3, the Ether ETFs accumulated $5.3 billion in ETH during this record streak, as shown by Farside Investors data.
Increased corporate acquisition and persistent ETF inflows could facilitate Ether in surmounting the $4,000 psychological barrier, which coincides with the year-end price target set by Standard Chartered, according to the bank’s Tuesday research report.
“We believe they might ultimately possess 10% of all ETH, which would be a tenfold increase from current holdings,” the bank expressed, adding that Ether treasury companies have greater growth potential than Bitcoin treasuries from a “regulatory arbitrage standpoint.”
Bitcoin miner Phoenix Group initiates a $150 million crypto treasury for BTC, SOL
Abu Dhabi-headquartered Bitcoin miner Phoenix Group unveiled a $150 million strategic cryptocurrency reserve, making it the first publicly traded company on the Abu Dhabi Securities Exchange (ADX) to create a digital asset treasury.
The firm announced on Thursday that the reserve comprises 514 Bitcoin (BTC) and 630,000 Solana (SOL), calling it a long-term holding strategy.
This positions Phoenix Group as the first entity listed on the ADX to launch a strategic cryptocurrency treasury, as per an announcement shared with Cointelegraph.
“Owning Bitcoin and additional strategic digital assets is not solely about exposure; it’s about alignment,” stated Munaf Ali, co-founder and CEO of Phoenix Group. “We are confident in the long-term value these networks present, and our treasury strategy embodies that conviction.”
Phoenix Group was among the top five most-traded and high-performing stocks on the ADX during the second quarter of 2025, having seen its share price increase by over 72% from April to June.
“`
More Bitcoin mining enterprises are evaluating altcoins as part of their financial portfolio, indicating an increasing institutional appetite for cryptocurrencies beyond Bitcoin.
Publicly traded Bitcoin mining company BitMine Immersion Technologies has become the largest Ether (ETH) treasury entity after revealing plans to acquire up to 5% of Ether’s supply.
Metaplanet seeks to raise an additional $3.7 billion to purchase Bitcoin
Japanese investment firm Metaplanet is aiming to raise 555 billion yen ($3.73 billion) through a new stock issuance to support its aggressive Bitcoin accumulation plan.
The firm, recognized as “Asia’s Strategy,” announced on Friday its intention to issue perpetual preferred shares to finance its target of acquiring 210,000 Bitcoin (BTC) by the conclusion of 2027. The shares may offer up to a 6% annual dividend, influenced by market conditions and investor enthusiasm.
“The Company plans to proactively pursue equity financing as part of its ‘Bitcoin Strategy,’ which aims to secure 210,000 BTC by the end of 2027,” it stated. “We believe that introducing Bitcoin-backed preferred shares demonstrates a groundbreaking endeavor to address this gap.”
Metaplanet’s stock offering follows a day after Cointelegraph reported that corporate crypto treasury firms had exceeded $100 billion in total investments, with Bitcoin-focused treasuries accumulating $93 billion of that total.
Ongoing corporate accumulation from entities like Strategy and Metaplanet, coupled with the expanding money supply, might elevate Bitcoin’s price past $132,000 before 2025 ends, reflecting Bitcoin’s correlation with the global M2 money supply.
Strategy, the largest corporate Bitcoin treasury firm globally, has initiated similar capital-raising endeavors. On July 22, the firm revealed a new kind of Bitcoin-backed stock anchored at $100 per share, offering an initial monthly dividend of 9% annually.
Former SEC official joins Veda as chief counsel amid DeFi expansion
Decentralized finance platform Veda has appointed a previous US Securities and Exchange Commission (SEC) official to its team as it intensifies efforts to expand cross-chain yield products targeted at institutional investors.
TuongVy Le, who spent close to six years at the SEC as chief counsel and senior adviser within the Enforcement Division and the Office of Legislative and Intergovernmental Affairs, has joined Veda as general counsel, the company announced on Tuesday.
During her SEC tenure, Le provided advice to Congress on early drafts of digital asset regulations and participated on the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee.
As per her LinkedIn profile, Le was involved in some of the SEC’s earliest crypto enforcement efforts.
She was part of the SEC’s Enforcement Division from 2016 to 2021, a crucial period in the agency’s crackdown on unregistered securities offerings related to initial coin offerings (ICOs).
Throughout that duration, the SEC prosecuted the backers of BitConnect’s lending scheme and against LBRY, claiming both conducted unregistered securities offerings. In 2021, the agency also initiated one of its earliest DeFi-associated enforcement actions, charging Blockchain Credit Partners with securities fraud.
DeFi market summary
According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization closed the week with losses.
The Solana-native meme token Fartcoin (FARTCOIN) declined by 28%, accounting for the week’s steepest drop among the top 100, followed by the Bonk (BONK) memecoin, which fell over 23% in the weekly analysis.
Thank you for reviewing our overview of this week’s most significant DeFi updates. Join us next Friday for more stories, insights, and education within this rapidly evolving domain.
1 commento
Pingback: MyBlog