Ethereum (ETH) just touched $4,300 for the first time since December 2021 — edging closer to its all-time high, and corporate buying is the main driver behind the surge.
Over the past week, Ethereum treasury giants have been aggressively stacking ETH, and the pace isn’t slowing down.
BitMine Immersion (BMNR) has taken the lead, boosting its holdings to 1.15 million ETH, worth about $5 billion — after adding over $2 billion last week. That’s a 70% increase in just days and already 20% of its goal to acquire 5% of all ETH in circulation.
Fundamental Global (FG Nexus) added to the frenzy, using proceeds from a $200M private raise to lift its stash to 47,331 ETH, with a long-term goal of reaching a 10% stake in Ethereum through staking and restaking.
SharpLink Gaming, the second-largest ETH corporate holder — secured another $400M stock purchase deal this week, adding to $200M raised last week. With 598,800 ETH already on its books and $200M more ready to deploy, its holdings could soon exceed $3 billion.
In total, Ethereum treasury corporations have scooped up ~2.4M ETH since June, pushing ETH prices up more than 60% in that period.
BitMine’s chairman Thomas Lee compared the moment to Bitcoin’s “digital gold” breakout in 2017, hinting ETH could one day reach $30,000 if this momentum continues.
📈 Volatility is high, corporate buying is relentless — and Ethereum’s next big move might be closer than you think.