Yesterday, Standard Chartered Bank made a call that raised the prices of two ETH MicroStrategy stocks by 10 points, with BMNR closing at 15.53%.
The bank's crypto representative believes that over the past two months, Ethereum MicroStrategy companies have bought 1.6% of ETH, matching the scale of spot ETH ETF accumulation during the same period. Ultimately, the goal of accumulating 10% of ETH can be reached.
At the same time, these companies' net asset value (NAV) has dropped back to around 1.
Compared to ETFs, these companies can also stake to earn 3% annualized returns. Ultimately, participating in DeFi leveraged returns is more attractive. Thus, a bullish and buy investment view was published.
It seems that previously, Cathie Wood also mentioned that many ETH institutions are now transferring their funds from self-custody to MicroStrategies, as they can not only earn returns but also receive stock rewards.
Now, whether it's Tom Lee, Cathie Wood, or Standard Chartered Bank, they all expect that the growth and token accumulation speed of ETH MicroStrategies will surpass that of previous Bitcoin MicroStrategies (represented by MSTR).
This implies that Ethereum will experience a faster acceleration compared to Bitcoin.