Corporations Increasingly Favor Ether Over Bitcoin, Reports Standard Chartered
- Corporate treasury firms have acquired 1% of the total Ether (ETH) supply since June.
- Investments in Ether by these firms have doubled compared to those in Bitcoin (BTC).
- The price of ETH remains over 21% below its all-time high of $4,890 from November 2021.
- BitMine Immersion Tech is the largest corporate holder, owning approximately 625,000 ETH.
- Sharplink holds the second-largest position with a total of about 438,190 ETH after investing $290 million recently.
The report highlights a notable shift in institutional interest towards Ethereum as corporations recognize its potential for staking rewards and decentralized finance (DeFi) opportunities that Bitcoin-focused firms may not access.
With continued accumulation, Ether treasury firms could potentially own up to ten percent of all ETH, significantly increasing their current holdings. This trend reflects growing confidence in Ethereum’s market position and future prospects.
