- Ethereum treasuries control 3.5% of all Ether.
- Meanwhile, Bitcoin treasuries hold 3.4% of the total supply.
- It might be short-lived, however.
Move over MicroStrategy. Ethereum treasury companies are the most aggressive buyers in town.
Ethereum treasuries control 3.5% of all Ether, while Bitcoin treasuries hold 3.4% of the network’s total supply, according to Blockworks Research data.
It’s a minimal difference that reveals big momentum: Ethereum treasuries have tripled their holdings since July while Bitcoin treasuries plateaued.
“I am not surprised,” Max Shannon, senior research associate at Bitwise, told DL News. “I think the percentage of supply accumulated by Ethereum treasuries continues to outpace Bitcoin over the short term.”
A treasury company is one that holds a cryptocurrency — Bitcoin, Ethereum, XRP — on its balance sheet as a reserve asset.
In recent months, there’s been a dramatic acceleration in companies…
