Ethereum’s tenth anniversary was marked by a major milestone when it comes to institutional crypto adoption, as cryptocurrency treasury companies surpassed $100 billion in collective investments on Thursday.
Ethereum’s 10th birthday introduced renewed company curiosity in Ether (ETH), which noticed the ten largest company crypto treasury companies amass over 1% of the total Ether provide for the reason that starting of June, in accordance with a Tuesday report by Normal Chartered.
The financial institution predicted that firms will finally maintain 10% of the full Ether provide, which can see the world’s second-largest cryptocurrency surpass the financial institution’s year-end goal value of $4,000 per Ether.
Ether’s company adoption is “taking place quicker than with Bitcoin throughout its early treasury adoption part,” since Ether permits firms to faucet into staking yields and “actively generate worth,” Enmanuel Cardozo, market analyst at Brickken asset tokenization platform, instructed Cointelegraph.
Ethereum turns 10: Right here’s how its booms and busts formed historical past
Ethereum celebrated its 10-year anniversary on Wednesday, with renewed institutional momentum fueling hopes that Ether (ETH) might problem its all-time excessive set in November 2021.
Over the previous decade, Ethereum has turn into the biggest decentralized finance (DeFi) blockchain, with practically $85 billion in whole worth locked (TVL) on the time of writing.
Vitalik Buterin, Ethereum’s co-founder, circulated an early model of the white paper in 2013. The venture raised $18.3 million in its preliminary coin providing (ICO) and formally launched in 2015 as a blockchain for good contracts. Its cryptocurrency, Ether, now ranks because the second-largest cryptocurrency by market capitalization after Bitcoin (BTC).
Right here’s a glance again into Ethereum’s first decade, that includes the ICO growth, DeFi summer season and the rise and fall of non-fungible tokens (NFTs).
Company crypto treasury holdings prime $100 billion as Ether shopping for accelerates
Company cryptocurrency treasuries are rising as a brand new class of public firms bridging conventional finance and digital belongings, signaling growing institutional curiosity in crypto.
Company cryptocurrency treasury companies, together with Strategy, Metaplanet and SharpLink, have collectively amassed about $100 billion price of digital belongings, according to a Galaxy Analysis report launched Thursday.
Bitcoin (BTC) treasury companies maintain the lion’s share, with over 791,662 BTC price about $93 billion on their books, representing 3.98% of the circulating provide. Ether (ETH) treasury companies maintain 1.3 million ETH tokens, price greater than $4 billion, representing 1.09% of the Ether provide, the report stated.
Company consumers have gotten a key supply of Ether liquidity alongside US spot ETH exchange-traded funds, which not too long ago posted 19 consecutive days of web inflows, a file for the merchandise.
Since July 3, the Ether ETFs amassed $5.3 billion price of ETH as a part of their file successful streak, Farside Investors information exhibits.
Extra company shopping for and continued ETF inflows might assist Ether surpass the $4,000 psychological mark, which can also be the year-end value goal of Standard Chartered, the financial institution stated in a Tuesday analysis report.
“We expect they could finally find yourself proudly owning 10% of all ETH, a 10x improve from present holdings,” the financial institution stated, including that Ether treasury companies have extra progress potential than Bitcoin treasuries, from a “regulatory arbitrage perspective.”
Bitcoin miner Phoenix Group launches $150 million crypto treasury for BTC, SOL
Abu Dhabi-based Bitcoin miner Phoenix Group launched a $150 million strategic cryptocurrency reserve, turning into the primary publicly listed firm on the Abu Dhabi Securities Alternate (ADX) to determine a digital asset treasury.
The corporate stated Thursday the reserve contains 514 Bitcoin (BTC) and 630,000 Solana (SOL), describing it as a long-term holding technique.
This makes Phoenix Group the primary firm listed on the ADX to determine a strategic cryptocurrency treasury, the corporate stated in an announcement shared with Cointelegraph.
“Holding Bitcoin and different strategic digital belongings isn’t nearly publicity. It’s about alignment,” stated Munaf Ali, co-founder and CEO of Phoenix Group. “We imagine within the long-term worth these networks signify, and our treasury technique displays that perception.”
Phoenix Group was one of many 5 most-traded and best-performing shares on the ADX within the second quarter of 2025 after its share value rose by over 72% from April to June.
More and more extra Bitcoin mining firms are contemplating altcoins as a part of their steadiness sheet, signaling extra institutional demand for cryptocurrencies past Bitcoin.
Publicly listed Bitcoin mining agency BitMine Immersion Applied sciences turned the biggest Ether (ETH) treasury agency after saying plans to amass as much as 5% of Ether’s provide.
Metaplanet plans to boost further $3.7 billion to purchase Bitcoin
Japanese funding agency Metaplanet is in search of to boost 555 billion yen ($3.73 billion) by means of a brand new inventory providing to help its aggressive Bitcoin accumulation technique.
The corporate, which is named “Asia’s Technique,” announced Friday that it’ll challenge perpetual most popular shares to fund its objective of buying 210,000 Bitcoin (BTC) by the top of 2027. The shares will supply as much as a 6% annual dividend, relying on market situations and investor demand.
“The Firm intends to actively pursue fairness financing as a part of its ‘Bitcoin Technique,’ which goals to amass 210,000 BTC by the top of 2027,” it stated. “We imagine that introducing Bitcoin-backed most popular shares represents a pioneering effort to fill this hole.”
Metaplanet’s inventory providing comes a day after Cointelegraph reported company crypto treasury firms had surpassed $100 billion in collective investments, with Bitcoin-focused treasuries amassing $93 billion price of that worth.
Continued company accumulation from the likes of Strategy and Metaplanet, paired with the rising cash provide, might push Bitcoin’s price above $132,000 earlier than the top of 2025 based mostly on Bitcoin’s correlation with the worldwide M2 cash provide.
Technique, the world’s largest company Bitcoin treasury agency, has launched comparable capital-raising efforts. On July 22, the agency introduced a brand new sort of Bitcoin-backed stock pegged to $100 per share with an preliminary month-to-month dividend of 9% yearly.
Former SEC official joins Veda as normal counsel amid DeFi enlargement
Decentralized finance platform Veda has appointed a former US Securities and Alternate Fee (SEC) official to its ranks because it ramps up efforts to increase crosschain yield merchandise geared toward institutional buyers.
TuongVy Le, who spent practically six years on the SEC as chief counsel and senior adviser within the Enforcement Division and the Workplace of Legislative and Intergovernmental Affairs, has joined Veda as normal counsel, the corporate introduced Tuesday.
Throughout her SEC tenure, Le suggested Congress on early drafts of digital asset laws and served on the Commodity Futures Buying and selling Fee’s (CFTC) World Markets Advisory Committee.
In accordance with her LinkedIn profile, Le was concerned in among the SEC’s earliest crypto enforcement actions.
She served within the SEC’s Enforcement Division from 2016 to 2021, a pivotal interval within the company’s crackdown on unregistered securities choices tied to preliminary coin choices (ICOs).
Throughout that point, the SEC introduced actions towards the promoters of BitConnect’s lending program and against LBRY, alleging each carried out unregistered securities choices. In 2021, the company additionally initiated one in all its earliest DeFi-related enforcement actions, charging Blockchain Credit Partners with securities fraud.
DeFi market overview
In accordance with information from Cointelegraph Markets Pro and TradingView, a lot of the 100 largest cryptocurrencies by market capitalization ended the week within the crimson.
Solana-native meme token Fartcoin (FARTCOIN) fell 28%, marking the week’s greatest decline within the prime 100, adopted by the Bonk (BONK) memecoin, down over 23% on the weekly chart.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be part of us subsequent Friday for extra tales, insights and schooling concerning this dynamically advancing area.
