#ETHCorporateReserves 🔥 ETH Corporate Reserves Update: Key Developments
Corporate Ethereum reserves hit 1.19M ETH** (nearly 1% of circulating supply), driven by public companies like **Sharp Link Gaming (176,271 ETH) and Bit Mine ($2B ETH acquired in 1 month) . BlackRock’s ETH spot ETF staking application advances with SEC approval under Trump’s administration, signaling institutional confidence .
Trading Takeaways for #Binance:
-Strong Support**: Corporate buying creates solid ETH demand floors near $3,800 .
- Staking Yields: Companies earn 3-5% via staking—boost for long-term holders .
- ETF Catalyst: Approvals could amplify inflows; monitor SEC updates .
- Alt $ETH
$coin Fragmentation: L2 growth (Arbitrum, Base) may pressure alt liquidity; focus on ETH-centric assets .
Action: Accumulate ETH dips; leverage Binance’s ETH staking products.