Companies with Ethereum Treasury will buy 10% of the supply: Standard Chartered
By Hannah Pérez
Companies with Ethereum treasury have managed to monopolize 1% of the total ETH in just two months, and could buy 10% of the supply of cryptocurrency, according to Standard Chartered.
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- Companies with Ethereum treasury have managed to monopolize 1% of the total ETH in just two months.
- Standard Chartered says that Ether, due to its staking capacity, offers a structural advantage against Bitcoin.
- In the not too distant future, the total in the hands of companies could grow to 10% of circulating ETH.
- The bank reiterated its target price of USD $ 4,000 for Ether in the late 2025.
As the institutional appetite for Ethereum (ETH) continues to gain strength, a significant part of the circulating supply of the second major cryptocurrency could stop in the hands of corporations.
A growing number of companies, –as Sharplink and Bitmine–they have taken a strategic turn to their businesses this year to adopt ETH as the main asset in their corporate balances. They have been accumulating ETH as part of a broader tendency of cryptocurrency treasury, where companies seek to replicate the pioneering model of Strategy –the largest corporate head of Bitcoin.
In this interest, Companies have monopolize 1.26 million ETH – 1% of the entire ETH in circulation – in just two monthsaccording to a new report from Standard Chartered Posted on Tuesday.
Sharplinka marketing software company and Igamingit has more than 438,000 eth valued at USD $ 1.6 billion after its last purchase on Tuesday, while Bitminean old mining company Bitcoinit has 625,000 eth worth USD $ 2.3 billion.
Between them, the two largest corporate headlines of Etherthey represent almost 0.90% of the current circulating supply of Ethereum of 120.7 million tokens, a figure reached in record time.
In the face of the British Bank Giant, this rhythm of corporate purchases almost equals the 2 million ETH bought by funds quoted in the stock market (ETF) of Ethereum in cash during the same period; And they don’t expect it to slowly.
Ethereum offers “structural advantage” against Bitcoin
Standard Chartered has estimated an impressive growth of 10 times of the treasury holdings of Ethereum Regarding current levels, to reach 10% of the total offer of Ethereum Over time.
“ETH treasury companies are barely starting; They will probably multiply by ten from now“, Wrote the global chief of research of digital assets of Standard CharteredGeoffrey Kendrick, in charge of the report.
A larger group of companies –More than 200 between public and private– They have been chasing treasury strategies Bitcoincurrently hoarding together about 1.2 million BTC or around 6% of the circulating supply of Bitcoin. Strategy On its own it has 607,770 BTC, equivalent to approximately 3% of the total offer. 
The trend of the treasury Ethereum It is emerging at a faster rate than the corporate adoption of Bitcoin And it can point out the beginning of a longer term structural change in institutional portfolios, Kendrick said.
The analyst pointed to the time he took for other companies replicating the then call model Microstrategy After your first purchase of Bitcoin In 2020. He also said that, unlike Bitcoincompanies could see an attraction in yields for Staking which offers Ethereum, providing one Structural advantage over treasury Bitcoin.
“In the Bitcoin treasury space, [Strategy] It took several years to generate significant purchases by imitators. For ETH it is likely that this happens more quickly, since the broader concept of corporate holdings of digital assets is already accepted“, Kendrick wrote.”It is likely that over time several new participants appear. ”
Standard Chartered reiterates ETH to USD $ 4,000 prognosis
The bank partly attributed the tendency to “Regulatory arbitration“, According to coverage, since investors use companies that quote in the stock market as a vehicle to gain exposure to ETH in jurisdictions where direct access to cryptocurrencies remains limited.
ETH has been rebounded by price in recent weeks as institutional demand grows; a sign that is also denoted in record entries for the ETFs of Ethereum in cash in the US.
These factors have possibly helped to boost ETH’s superior performance against Bitcoinwith the ETH/BTC ratio by increasing 0.018 in April to 0.032 in July, said the analyst of Standard Chartered. Ether It resumed a price height of USD $ 3,800 this month in the middle of a sustained increase of more than 50% in the last 30 days, according to Coinmarketcap.
The bank reiterated its price forecast of USD $ 4,000 for ETH at the end of 2025. “If the flows can continue, it is possible that ETH exceeds the key level of $ 4000“, They said Tuesday, after drastically cutting their goal of USD $ 10,000 in March.
ETH is negotiated around USD $ 3,790 at the time of writing this article.
Hannah Estefanía Pérez / Diariobitcoin
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