🏦 Ethereum Flexes Financial Power with $11B Treasury
Institutions are scooping up Ethereum at record speed, driving its treasury reserves to an all-time high of 3.04M ETH — worth $11.32B and making up 2.51% of total supply. 📈 Big names like Bitmine Immersion Technologies (833,100 ETH, $3.1B), SharpLink Gaming, The Ether Machine, and the Ethereum Foundation lead the pack, showing ETH’s growing role in traditional finance. 🏛️
Despite heavy withdrawals from Spot ETH ETFs, banks like Standard Chartered say treasuries deliver more value to shareholders than ETFs. Experts believe this milestone reflects ETH’s maturity, long-term strength, and ability to outpace Bitcoin inflows in institutional adoption. 🚀💎