BlockBeats News, August 18, Coinbase Institutional Research Director David Duong posted on social media stating, "The demand for ETH is not over. Since the beginning of August, leading ETH treasury reserve companies have accumulated purchases of over 795,000 ETH (approximately $3.6 billion), currently controlling more than 2% of the total ETH supply. At the same time, the newly raised $20 billion by BMNR has increased its total purchasing power to $24.5 billion."

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