As digital assets continue their journey into the mainstream, corporate cryptocurrency treasuries have quietly crossed a historic threshold holding over $100 billion in crypto assets. A recent report from Galaxy Research reveals that firms such as Strategy, Metaplanet, and SharpLink are leading a new wave of institutional investment that is reshaping the crypto landscape. The report underscores a major pivot in corporate strategies, with Bitcoin remaining dominant, but Ether gaining rapid ground.
Bitcoin Still Reigns, but Ether is Catching Up
According to the report, Bitcoin remains the top choice for corporate treasuries, with firms collectively holding over 791,662 BTC, valued at approximately $93 billion. This represents nearly 4% of the total circulating Bitcoin supply, a figure that highlights just how significant corporate involvement has become in the crypto ecosystem.
However, Ether, the native cryptocurrency of the Ethereum blockchain, is seeing accelerated corporate adoption. Treasury firms now hold 1.3 million ETH worth more than $4 billion, which accounts for 1.09% of Ether’s circulating supply. While this is still a fraction of Bitcoin’s corporate presence, Ether’s momentum is striking.
Ether ETFs Drive Record Inflows
Fueling this rise in Ether’s treasury status is the consistent inflow into US spot Ethereum exchange-traded funds (ETFs). Farside Investors data shows that Ether ETFs have recorded 19 consecutive days of net inflows since July 3, bringing in over $5.3 billion in ETH. This represents a record streak for these investment products and indicates strong institutional confidence in Ether’s long-term potential.
The impact of these flows is not lost on market observers. Standard Chartered has projected that Ether could reach $4,000 by the end of the year, a level not seen since its 2021 all-time high of $4,890. The bank even suggests that corporate treasuries might eventually hold up to 10% of all Ether, marking a potential tenfold increase from current levels.
Ether’s Utility Fuels Institutional Appeal
One of Ether’s key advantages over Bitcoin lies in its utility. Unlike Bitcoin, which is often viewed as a store of value, Ether enables access to staking and DeFi-based yield opportunities. This allows corporate holders to not only sit on a speculative asset but also generate additional returns through staking and active integration into treasury strategies.
Enmanuel Cardozo, market analyst at Brickken, emphasised this point: “These companies aren’t just passively holding ETH. They’re staking it, leveraging it, and integrating it into broader treasury strategies. It’s happening faster than with Bitcoin during its early adoption phase.”
Such active participation signals a deeper institutional understanding of Ethereum’s ecosystem and the value-generating opportunities it offers beyond price speculation.
Long-Term Outlook: Ether’s Revaluation Underway
Despite the bullish developments, Ether is still trading 21% below its all-time high. Analysts suggest that reclaiming that level before the end of summer would require near-perfect conditions, including continuous ETF inflows and a favourable macroeconomic environment.
However, the current momentum suggests that a foundational revaluation is already in progress. According to Cardozo, the growing role of corporate treasuries and the sustained demand from ETFs are setting the stage for Ether’s long-term growth trajectory.
“While a new all-time high may not be imminent, we are in the early stages of a longer-term revaluation of Ether’s role in institutional portfolios,” he said.
The rise of corporate crypto treasuries marks a defining shift in how traditional finance is embracing digital assets. Bitcoin continues to hold its crown, but Ether’s growing appeal driven by its utility, staking rewards, and ETF momentum is quickly turning it into the next major treasury asset. As corporate strategies evolve, and regulatory clarity improves, the line between traditional finance and crypto continues to blur, and Ether appears to be at the heart of this transformation.
