๐ฐ Crypto Firms Go on $8B Buying Spree โ ETH in the Spotlight
This week saw a massive $7.8 billion surge in crypto purchases by treasury firms, making it one of the biggest corporate buying waves in crypto history โ especially for Ethereum (ETH).
Cointelegraph reviewed 16 company statements revealing major plans to invest in crypto. Over $3 billion in ETH alone was bought or pledged โ nearly 45 times more than ETH issued this week.
๐น BTCS Inc. filed to sell $2B in shares to buy ETH.
๐น Sharplink Gaming added $338M in ETH to its holdings.
๐น The Ether Machine bought 15,000$ETH (~$57M).
๐น 180 Life Sciences rebranded to ETHZilla in a $425M pivot.
๐น Fundamental Global became FG Nexus with a $200M$ETH
ETH bet.
Wall Street is diving into crypto โ not via direct holdings, but by turning companies into Ethereum-powered treasuries.