#BinancSquare Ethereum is becoming a treasury currency for companies... but from a new angle! Although Ethereum is still less traded than Bitcoin at the institutional level, its transformation into what resembles a treasury currency for companies is starting to take an unconventional turn, according to analyst “Miles Deutscher,” who cited data from “Blockworks”.

Market data shows that the stocks of companies that hold Ethereum, led by BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET), are witnessing a remarkable increase in trading volume, sometimes surpassing traditional companies like MicroStrategy (MSTR), known for its massive investments in Bitcoin.

According to “Google Finance”, the average daily trading volume of “BMNR” shares is around 48 million shares, which is more than four times the trading of “MSTR” which is 12 million.

According to “Fundstrat”, the average daily trading volume of “BitMine” shares has reached approximately $6.4 billion, making it the tenth most traded stock in the United States.

Since the announcement of Ethereum bonds in late June, “BitMine” shares have surged by over 1100%. It is now the largest holder of Ethereum bonds globally, and the second largest company in digital asset bonds overall, with a holding of 1.5 million ETH, valued at around $6.5 billion according to “SER”.$ETH