This week, public companies decided to buy cryptocurrencies for an impressive sum of $7.8 billion, thus setting a record for the largest inflow of investments in digital assets from corporate structures in such a short period.
Ethereum has attracted the most interest from institutional investors. At least five firms have acquired ETH worth over $3 billion or promised to do so in the near future. Among them were:
Bitcoin mining company BTCS has submitted a request to sell shares worth $2 billion to raise the capital needed to purchase Ethereum;
Marketing organization Sharplink Gaming invested $338 million in ETH on July 28 and 30;
The technological institution The Ether Machine purchased 15,000 Ethereums worth about $57 million;
Biotechnology firm 180 Life Sciences and financial organization Fundamental Global raised $425 million and $200 million respectively for investments in ETH.
However, Ethereum is not the only altcoin that has received investments. Technology firm Cemtrex purchased Solana (SOL) for $1 million, and credit organization Mill City Ventures III began implementing a strategy related to the acquisition of Sui (SUI) for $450 million. It is worth noting the Canadian vape manufacturer CEA Industries, which surprised many with its plan to invest up to $1.25 billion in BNB (BNB).
This week, Bitcoin accounted for investments totaling $2.7 billion. The company Strategy bought BTC for $2.5 billion, website developer The Smarter Web Company invested $26.5 million in cryptocurrency, Metaplanet, dubbed the Japanese Strategy, acquired 780 bitcoins for $92 million, and energy firm ZOOZ Power announced a plan to purchase BTC for $180 million.