Ethereum’s $6B Reserve Boom: Why Institutions Are Fleeing Bitcoin For ETH
Wall Street's crypto shuffle just got brutal—Ethereum's war chest balloons to $6 billion as hedge funds ditch Bitcoin like last season's meme stock.
The Great Rotation
Institutional portfolios are bleeding BTC faster than a DeFi hack. ETH now commands 37% of crypto fund allocations according to CoinShares—its highest share since the Merge.
Smart Money Speaks
'We're seeing clients demand ETH exposure like it's 2021 bull market FOMO,' says Goldman Sachs digital assets lead while discreetly moving his own BTC stash off-exchange. Layer-2 adoption and staking yields are pulling capital faster than a leveraged liquidator bot.
The Cynic's Corner
Meanwhile, Bitcoin maximalists are coping harder than a Terra investor at a SEC hearing—because nothing says 'store of value' like watching your dominance crumble to an altcoin with actual utility.
Ethereum has been in the spotlight lately as major corporations and institutions continue to stack Ether in record amounts. Meanwhile, ethereum ETFs are setting new inflow records, which shows rising institutional confidence in the asset.
Sharplink Raises Equity Offering, Buys More Ether
SharpLink Gaming, backed by Ethereum co-founder Joseph Lubin, is going all-in on Ether. In a latest update, the company revealed that it is boosting the amount of stock it plans to sell, from $1 billion to a massive $6 billion. Notably, the majority of it will be used to buy Ether.
BREAKING
SHARPLINK $SBET TO BUY $5 BILLION IN $ETH EQUAL TO 1,436,000 ETH
THAT’S OVER TWO YEARS WORTH OF NEW ETHEREUM SUPPLY. ABSOLUTELY MASSIVE. pic.twitter.com/OtLUAuFkcY
After an increase in its share offering, SharpLink went on to buy another 32,892 ETH, worth $115 million. Between June 2 and July 15, the firm earned 415 ETH, worth $1.49 million, from staking rewards. Over the past nine days alone, SharpLink has added $515 million worth of Ether to its treasury.
En-route to our first stop:
1,000,000 $ETH pic.twitter.com/hzlwD4x2Sp
SharpLink’s ETH holdings have now soared to over 321,000 ETH, worth around $1.1 billion, marking one of the boldest Ethereum treasury strategies in the corporate world.
More companies are shifting from Bitcoin to Ethereum, drawn by its real-world utility. Over the past 30 days, treasury-focused companies have snapped up more than 545,000 ETH worth $1.6 billion. Notably, the strategic ETH reserve has crossed $6 billion for the first time.
Bitmine Aims for 5% of All ETH
Bitmine Immersion Technologies has built a massive ETH position. It now holds over $1 billion in ETH and related assets. The firm holds about 300,657 ETH in total, including 60,000 ETH from options backed by $200 million in cash.
“We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply,” Thomas Lee said. Bitmine is aiming big as it plans to eventually own and stake 5% of all ETH.
Gamesquare Joins the Action
Gamesquare has also raised $70 million through a public offering. The funds will go toward expanding its Ethereum treasury, in partnership with crypto investment firm Dialectic. It has also
approved a $100 million plan to grow its Ethereum treasury.
We have a *new* daily inflow record for iShares Ethereum ETF…
Nearly $550mil.
Back-to-back record days.
Now 10-day inflow streak. $2.1bil.
Ethereum ETFs Hit New Highs
Ethereum ETFs topped $6 billion in total inflows yesterday, with BlackRock’s ETHA pulling in $546 million in inflows. Since mid-April, the spot Ethereum ETFs have attracted over $4 billion in net inflows, which is a clear sign of rising institutional interest in ETH. Ethereum is currently trading at $3,605,17, up 4.8% in the last 24 hours.
