#AltcoinBreakout What sparked the hype around the ether

Corporations decided not to "reinvent the wheel" and simply copy the "Bitcoin strategy". After the success of MicroStrategy with BTC (600k BTC on the balance), companies are looking for "second gold" and are massively forming Ethereum-treasury. In the last 30 days, legal entities have bought over 545k ETH (~$1.6 billion).

Also, "Big Money" has arrived. Peter Thiel's Founders Fund took 9% of BitMine Immersion (a miner that shifted from BTC to create a $500 million reserve in ETH). Movements of this magnitude show that institutions are interested in more than just bitcoin.