Corporate crypto treasury holdings top $100B as Ether buying accelerates
Crypto treasury companies are emerging as a new category, bringing significant liquidity to the crypto industry.
Corporate cryptocurrency treasuries are emerging as a new class of public companies bridging traditional finance and digital assets, signaling increasing institutional interest in crypto.
Corporate cryptocurrency treasury firms including Strategy, Metaplanet and SharpLink have collectively amassed about $100 billion worth of digital assets, according to a Galaxy Research report released Thursday.
Bitcoin (BTC) treasury firms hold the lion’s share, with over 791,662 BTC worth about $93 billion on their books, representing 3.98% of the circulating supply. Ether (ETH) treasury firms hold 1.3 million ETH tokens, worth more than $4 billion, representing 1.09% of the Ether supply, the report said.