#ETHCorporateReserves Ethereum's corporate reserve has reached a significant milestone, with the Strategic ETH Reserve now holding over 2.32 million ETH, valued at approximately $9.02 billion. This represents about 1.92% of Ethereum's total circulating supply and is backed by 63 institutional entities.
*Key Highlights:*
- *Institutional Adoption*: The reserve has surged from zero since early April, with a sharp increase in accumulation pace observed in late July.
- *Top Holders*: #ETHCorporateReserves Gaming leads with over 438,017 ETH, valued at around $1.69 billion, while Immersion Technologies holds a substantial amount, aiming to reach $4.5 billion in ETH holdings.
- *Growth Prediction*: Standard Chartered forecasts that corporate treasuries could eventually hold up to 10% of Ethereum's total supply, driven by staking rewards and opportunities ¹ ² ³.
*Market Impact:*
- *Price Rally*: The growing institutional interest has contributed to Ethereum's recent price surge, with predictions suggesting a potential breakout above $4,000.
- *Bullish Sentiment*: Analysts expect long-term growth, citing increased validator activity, DeFi growth, and mainstream adoption ⁴ ⁵.
*Notable Developments:*
- *Consecutive Inflows*:#EthereumTurns10 Ethereum-related investment funds have seen 12 consecutive weeks of net inflows, exceeding $4 billion in cumulative inflows this year.
- *Corporate Interest*: Companies like Bit Digital, $BTC BTCS, and Intchains Group are accumulating $ETH
ETH, with some firms staking their holdings to $ETH earn yields ⁶.