Companies stockpiling Ethereum bought 95% during Q3… hold 4% of total supply

Source
Suehyeon Lee

Summary

  • It reported that 95% of the Ethereum(ETH) held by publicly listed companies worldwide was purchased during this year's third quarter.
  • Bitwise analyzed that institutional and corporate-level ETH accumulation is getting underway.
  • It said that listed companies' Ethereum holdings total 4.61 million, about 4% of the total supply.

95% of the Ethereum(ETH) held by publicly listed companies worldwide were purchased during the third quarter (July~September) of this year.

On the 16th (local time), Bitwise, cited by Cointelegraph, analyzed, "95% of listed companies' Ethereum holdings were purchased within the past three months. This shows that institutional and corporate-level ETH accumulation is getting underway," the firm said.

Currently, listed companies' Ethereum holdings total 4.61 million (about $19.13 billion), or about 4% of the total supply. Of these, about 4 million were newly added during the third quarter.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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