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.<\/p>\n
Ethereum\u2019s decade celebration<\/a> ignited renewed corporate enthusiasm for Ether (ETH<\/a>), which witnessed the top 10 corporate crypto treasury firms accumulate more than 1% of the entire Ether<\/a> supply since early June, as indicated by a report from Standard Chartered on Tuesday.<\/p>\n 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.<\/p>\n Ether\u2019s corporate uptake is \u201coccurring more rapidly than with Bitcoin during its initial treasury adoption period,\u201d since Ether allows companies to capitalize on staking rewards and \u201cactively create value,\u201d Enmanuel Cardozo, a market analyst at Brickken, told Cointelegraph.<\/p>\n Ethereum marked its decade milestone on Wednesday, with invigorated institutional dynamics boosting expectations that Ether (ETH<\/a>) might revisit its peak established in November 2021.<\/p>\n Throughout the last ten years, Ethereum has evolved into the preeminent decentralized finance (DeFi) blockchain, having nearly $85 billion<\/a> in total value locked (TVL) as of this writing.<\/p>\n Vitalik Buterin, Ethereum\u2019s 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<\/a>).<\/p>\n This retrospective highlights Ethereum\u2019s first decade, illustrating the ICO surge, DeFi summer, and the rise and decline of non-fungible tokens (NFTs).<\/p>\n Read more<\/strong><\/a><\/p>\n 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.<\/p>\n Corporate cryptocurrency treasury firms, including Strategy<\/a>, Metaplanet<\/a>, and SharpLink<\/a>, have collectively accrued approximately $100 billion in digital assets, according<\/a> to a Galaxy Research report released Thursday.<\/p>\n Bitcoin (BTC<\/a>) 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)<\/a> treasury firms possess 1.3 million ETH tokens, worth exceeding $4 billion, constituting 1.09% of the Ether supply, per the report.<\/p>\n 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\u2014a record for these products.<\/p>\n Since July 3, the Ether ETFs accumulated $5.3 billion in ETH during this record streak, as shown by Farside Investors<\/a> data.<\/p>\n 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<\/a>, according to the bank\u2019s Tuesday research report.<\/p>\n \u201cWe believe they might ultimately possess 10% of all ETH, which would be a tenfold increase from current holdings,\u201d the bank expressed, adding that Ether treasury companies have greater growth potential than Bitcoin treasuries from a \u201cregulatory arbitrage standpoint.\u201d<\/p>\n Read more<\/strong><\/a><\/p>\n 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.<\/p>\n The firm announced on Thursday that the reserve comprises 514 Bitcoin (BTC<\/a>) and 630,000 Solana (SOL<\/a>), calling it a long-term holding strategy.<\/p>\n 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.<\/p>\n \u201cOwning Bitcoin and additional strategic digital assets is not solely about exposure; it\u2019s about alignment,\u201d stated Munaf Ali, co-founder and CEO of Phoenix Group. \u201cWe are confident in the long-term value these networks present, and our treasury strategy embodies that conviction.\u201d<\/p>\n 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.<\/p>\n More Bitcoin mining enterprises are evaluating altcoins as part of their financial portfolio, indicating an increasing institutional appetite for cryptocurrencies beyond Bitcoin.<\/p>\n Publicly traded Bitcoin mining company BitMine Immersion Technologies has become the largest Ether (ETH<\/a>) treasury entity after revealing plans to acquire up to 5% of Ether\u2019s supply.<\/p>\n Read more<\/strong><\/a><\/p>\n 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.<\/p>\n The firm, recognized as \u201cAsia\u2019s Strategy,\u201d announced<\/a> on Friday its intention to issue perpetual preferred shares to finance its target of acquiring 210,000 Bitcoin (BTC<\/a>) by the conclusion of 2027. The shares may offer up to a 6% annual dividend, influenced by market conditions and investor enthusiasm.<\/p>\n \u201cThe Company plans to proactively pursue equity financing as part of its \u2018Bitcoin Strategy,\u2019 which aims to secure 210,000 BTC by the end of 2027,\u201d it stated. \u201cWe believe that introducing Bitcoin-backed preferred shares demonstrates a groundbreaking endeavor to address this gap.\u201d<\/p>\n Metaplanet\u2019s stock offering follows a day after Cointelegraph reported that corporate crypto treasury firms had exceeded $100 billion<\/a> in total investments, with Bitcoin-focused treasuries accumulating $93 billion of that total.<\/p>\n Ongoing corporate accumulation from entities like Strategy<\/a> and Metaplanet, coupled with the expanding money supply, might elevate Bitcoin\u2019s price past $132,000<\/a> before 2025 ends, reflecting Bitcoin\u2019s correlation with the global M2 money supply.<\/p>\n 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<\/a> anchored at $100 per share, offering an initial monthly dividend of 9% annually.<\/p>\n Read more<\/strong><\/a><\/p>\n 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.<\/p>\n 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.<\/p>\n During her SEC tenure, Le provided advice to Congress on early drafts of digital asset regulations and participated on the Commodity Futures Trading Commission\u2019s (CFTC) Global Markets Advisory Committee.<\/p>\n As per her LinkedIn profile, Le was involved in some of the SEC\u2019s earliest crypto enforcement efforts.<\/p>\n She was part of the SEC\u2019s Enforcement Division from 2016 to 2021, a crucial period in the agency\u2019s crackdown on unregistered securities offerings related to initial coin offerings (ICOs).\u00a0<\/p>\n Throughout that duration, the SEC prosecuted the backers of BitConnect\u2019s lending scheme<\/a> and against LBRY<\/a>, claiming both conducted unregistered securities offerings. In 2021, the agency also initiated one of its earliest DeFi-associated enforcement actions, charging Blockchain Credit Partners<\/a> with securities fraud.<\/p>\n Read more<\/strong><\/a><\/p>\n According to data from Cointelegraph Markets Pro<\/a> and TradingView, most of the 100 largest cryptocurrencies by market capitalization closed the week with losses.<\/p>\n The Solana-native meme token Fartcoin (FARTCOIN<\/a>) declined by 28%, accounting for the week\u2019s steepest drop among the top 100, followed by the Bonk (BONK<\/a>) memecoin, which fell over 23% in the weekly analysis.<\/p>\n Thank you for reviewing our overview of this week\u2019s most significant DeFi updates. Join us next Friday for more stories, insights, and education within this rapidly evolving domain.<\/p>\n <\/div>\nEthereum celebrates its 10th year: A reflection on its cycles of growth and decline<\/h2>\n
Corporate cryptocurrency treasury holdings reach over $100 billion as Ether purchases accelerate<\/h2>\n
Bitcoin miner Phoenix Group initiates a $150 million crypto treasury for BTC, SOL<\/h2>\n
\n“`Metaplanet seeks to raise an additional $3.7 billion to purchase Bitcoin<\/h2>\n
Former SEC official joins Veda as chief counsel amid DeFi expansion<\/h2>\n
DeFi market summary<\/h3>\n