Ethereum treasury companies have acquired over $1.6 billion worth of ETH in the past month, as institutional interest has surged and continued to push the token’s price higher.
According to the latest buying data, the companies have amassed over 545,000 ETH in the past 30 days.
Among the most prominent is BitMine Immersion Technologies, which is chaired by Fundstrat’s Tom Lee. On Monday, the company announced a holding of 163,142 ETH, equivalent to over $480 million at current market prices.
Tom Lee compared the move to Michael Saylor’s aggressive Bitcoin strategy. He said that if the Ethereum treasury manages to amass at least 5% of the total ETH supply, it could also receive strong market support, similar to Wall Street’s previous confidence in Bitcoin.
Meanwhile, SharpLink, a gaming platform founded by Joseph Lubin, has continued to increase its Ethereum holdings with large purchases over the past few days. The company now holds over 255,000 ETH, making it the largest corporate Ethereum treasury to date.
So far this year, Ethereum (ETH)-based investment products have seen inflows of over $4 billion, indicating growing confidence in the second-largest asset.
Looking ahead to policy news in the United States, the final decision on the Ethereum Spot ETF is expected to be announced soon. Applications from major companies such as BlackRock and Fidelity are already nearing the final stages.
If approved, it could attract more institutional investment into Ethereum.
