“`html
Ethereum’s 10th anniversary was characterized by a notable achievement regarding institutional cryptocurrency adoption, as cryptocurrency treasury companies exceeded $100 billion in total investments on Thursday.
Ethereum’s 10th celebration rekindled corporate enthusiasm for Ether (ETH), which witnessed the 10 largest corporate crypto treasury companies accumulate over 1% of the overall Ether supply since early June, as reported by Standard Chartered on Tuesday.
The financial institution anticipated that corporations will ultimately possess 10% of the overall Ether supply, which could lead to the world’s second-largest cryptocurrency exceeding the bank’s year-end target of $4,000 for each Ether.
Ether’s corporate adoption is “advancing more rapidly than with Bitcoin during its initial treasury adoption phase,” since Ether allows companies to access staking yields and “actively generate value,” said Enmanuel Cardozo, market analyst at Brickken asset tokenization platform, in an interview with Cointelegraph.
Ethereum turns 10: Here’s how its fluctuations shaped the narrative
Ethereum commemorated its 10-year milestone on Wednesday, with renewed institutional momentum stoking hopes that Ether (ETH) could potentially challenge its all-time high established in November 2021.
Over the last decade, Ethereum has evolved into the most significant decentralized finance (DeFi) blockchain, holding nearly $85 billion in total value locked (TVL) at the current time.
Vitalik Buterin, Ethereum’s co-founder, shared an early draft of the white paper in 2013. The initiative raised $18.3 million during its initial coin offering (ICO) and officially launched in 2015 as a platform for smart contracts. Its cryptocurrency, Ether, currently stands as the second-largest cryptocurrency by market value after Bitcoin (BTC).
Here’s a retrospective on Ethereum’s inaugural decade, featuring the ICO boom, DeFi summer, and the rise and decline of non-fungible tokens (NFTs).
Corporate crypto treasury holdings exceed $100 billion as Ether demand grows
Corporate cryptocurrency treasuries are emerging as a novel class of public companies linking traditional finance and digital assets, indicating rising institutional interest in crypto.
Corporate cryptocurrency treasury companies, including Strategy, Metaplanet, and SharpLink, have collectively accumulated roughly $100 billion in digital assets, according to a Galaxy Research report published Thursday.
Bitcoin (BTC) treasury firms hold the majority, with over 791,662 BTC valued at approximately $93 billion, representing 3.98% of the circulating supply. Ether (ETH) treasury companies hold 1.3 million ETH tokens, valued at over $4 billion, making up 1.09% of the Ether supply, as noted in the report.
Corporate purchasers are becoming a vital source of Ether liquidity alongside US spot ETH exchange-traded funds, which recently recorded 19 consecutive days of net inflows, marking a record for these products.
Since July 3, the Ether ETFs have accumulated $5.3 billion in ETH during their historic winning streak, as shown by Farside Investors data.
Further corporate purchases and sustained ETF inflows may assist Ether in surpassing the $4,000 psychological barrier, which is also the year-end price target set by Standard Chartered, as stated in a Tuesday research document.
“We believe they may ultimately control 10% of the entire ETH, a tenfold increase from present holdings,” the bank mentioned, noting that Ether treasury firms possess more growth potential than Bitcoin treasuries from a “regulatory arbitrage standpoint.”
Bitcoin miner Phoenix Group launches $150 million crypto treasury for BTC, SOL
The Abu Dhabi-based Bitcoin miner Phoenix Group initiated a $150 million strategic cryptocurrency reserve, marking the first publicly traded entity on the Abu Dhabi Securities Exchange (ADX) to create a digital asset treasury.
The company reported on Thursday that the reserve includes 514 Bitcoin (BTC) and 630,000 Solana (SOL), outlining this as a strategy for long-term holdings.
This positions Phoenix Group as the inaugural firm listed on the ADX to establish a strategic cryptocurrency treasury, according to an announcement shared with Cointelegraph.
“Holding Bitcoin and other strategic digital assets isn’t solely about exposure. It’s about alignment,” expressed Munaf Ali, co-founder and CEO of Phoenix Group. “We have faith in the long-term value these networks signify, and our treasury strategy embodies that conviction.”
Phoenix Group was among the top five most-traded and best-performing stocks on the ADX during Q2 of 2025 after its share price surged over 72% from April to June.
“““html
More Bitcoin mining enterprises are contemplating altcoins as part of their financial statements, indicating heightened institutional interest in cryptocurrencies beyond Bitcoin.
Publicly traded Bitcoin mining company BitMine Immersion Technologies has emerged as the largest Ether (ETH) treasury corporation after revealing intentions to acquire up to 5% of Ether’s inventory.
Metaplanet aims to raise an additional $3.7 billion for Bitcoin acquisition
The Japanese investment firm Metaplanet is looking to gather 555 billion yen ($3.73 billion) via a new stock offering to bolster its assertive Bitcoin procurement strategy.
The company, recognized as “Asia’s Strategy,” announced on Friday that it will issue perpetual preferred shares to finance its aim of obtaining 210,000 Bitcoin (BTC) by the conclusion of 2027. The shares are projected to yield up to a 6% annual dividend, contingent on market dynamics and investor appetite.
“The Company plans to actively seek equity financing as part of its ‘Bitcoin Strategy,’ which seeks to acquire 210,000 BTC by the end of 2027,” it stated. “We believe that offering Bitcoin-backed preferred shares symbolizes an innovative approach to address this need.”
Metaplanet’s stock offering follows a report from Cointelegraph highlighting that corporate crypto treasuries have surpassed $100 billion in total investments, with Bitcoin-centric treasuries accounting for $93 billion of that valuation.
Ongoing corporate accumulation from entities like Strategy and Metaplanet, combined with the increasing money supply, could propel Bitcoin’s price above $132,000 before 2025 concludes, based on Bitcoin’s correlation with the global M2 money supply.
Strategy, the world’s largest corporate Bitcoin treasury entity, has also initiated similar fundraising endeavors. On July 22, the firm revealed a new type of Bitcoin-backed stock pegged at $100 per share, offering an initial monthly dividend of 9% annually.
Former SEC official joins Veda as chief legal officer amid DeFi expansion
The decentralized finance platform Veda has appointed a former US Securities and Exchange Commission (SEC) official as it accelerates efforts to broaden crosschain yield products targeted at institutional investors.
TuongVy Le, who dedicated nearly six years at the SEC as chief counsel and senior adviser in the Enforcement Division and the Office of Legislative and Intergovernmental Affairs, has joined Veda as general counsel, the company disclosed on Tuesday.
During her tenure at the SEC, Le provided counsel to Congress regarding early versions of digital asset regulation and participated in the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee.
According to her LinkedIn profile, Le was involved in some of the SEC’s initial enforcement actions related to crypto.
She worked in the SEC’s Enforcement Division from 2016 to 2021, a critical phase in the agency’s crackdown on unregistered securities offerings linked to initial coin offerings (ICOs).
During that time, the SEC initiated actions against the promoters of BitConnect’s lending program and against LBRY, alleging that both had conducted unregistered securities offerings. In 2021, the agency also launched one of its earliest DeFi-related enforcement actions, accusing Blockchain Credit Partners of securities fraud.
DeFi market snapshot
Based on information from Cointelegraph Markets Pro and TradingView, the majority of the 100 leading cryptocurrencies by market capitalization ended the week on a downward note.
Solana-native meme token Fartcoin (FARTCOIN) dropped 28%, marking the most significant decline within the top 100, followed closely by the Bonk (BONK) memecoin, which fell over 23% on the weekly chart.
Thank you for reading our summary of this week’s most significant DeFi developments. Join us next Friday for more updates, insights, and educational content concerning this rapidly evolving sector.
Source link
“`