ETH’s Wild Ride: Corporates Go on a Buying Spree 🚀💰

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As the crypto market ascends to the heavens, with total market capitalization briefly touching the celestial $3.8 trillion mark yesterday, the interest of the corporate world in Ethereum (ETH) has become as evident as a full moon on a clear night. The pace at which these corporate giants are hoarding ETH is nothing short of a modern-day gold rush, but with a digital twist.

Ethereum Demand: A Never-Ending Feast

According to a recent post by the ever-optimistic crypto entrepreneur Kyle Reidhead, the current demand for ETH has reached “insane” levels. Ten Ethereum treasury firms have collectively amassed more than 550,000 ETH – a staggering $1.65 billion worth – over the past 30 days. 🤑

Reidhead, with the enthusiasm of a man who has just discovered the fountain of youth, emphasized that this momentum is not just steady but accelerating. New ETH treasury companies are popping up like mushrooms after a rain, and the biggest players might just be warming up.

Each of these companies is reportedly vowing to buy more ETH than they did the week before. If this trend continues, ETH purchases could skyrocket to $2 billion in the next month, and potentially $3 billion the month after. The sky, it seems, is the limit. 🚀

While the demand will inevitably wane at some point, it’s unlikely to happen anytime soon. The growth in stablecoin supply and the increasingly favorable regulatory environment for digital assets are like a double espresso for the crypto market, keeping it wide awake and ready for more.

And let’s not forget, the week starting July 14 is “Crypto Week” in the US, with three major digital asset bills expected to face congressional votes. These bills, focusing on stablecoin regulation and the potential use of central bank digital currencies (CBDCs) in monetary policy, could further fuel the corporate appetite for crypto.

ETH: A Supply Shock on the Horizon?

Reidhead added that in the past 30 days, ETH treasury firms have scooped up as much as 0.5% of the total circulating ETH supply. These firms have also been busy moving ETH into Ethereum decentralized finance (DeFi) contracts through staking or lending, adding another layer of complexity to the market.

The entrepreneur drew a sharp contrast between these treasury buyers and Ethereum ETFs, noting that unlike ETFs, these firms have no intention of selling. They are committed to accumulating and holding ETH for the long haul. He remarked:

This is going to create a supply shock for ETH over the coming months, there’s really no way around it. Fade ETH and the treasury companies at your own caution. 🚨

Data from SoSoValue supports this thesis, showing that spot ETH ETFs have enjoyed nine consecutive weeks of positive inflows, with $907 million added in the week ending July 11. As of July 15, spot ETH ETFs have already received $259 million in fresh inflows.

Another data point that strengthens the argument for a looming ETH supply shock is the rapidly depleting exchange reserves. However, a word of caution: at press time, ETH trades at $3,018, down 0.9% in the past 24 hours. 📉

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2025-07-16 07:14