Ethereum Treasuries Overtake
Bitcoin
in Shifting Market Landscape
The digital asset sector is undergoing a significant transformation as institutional
Ethereum
(ETH) treasuries now surpass Bitcoin (BTC) in terms of circulating supply control, marking a notable change in how corporations and institutions are engaging with crypto. As reported by
a Yahoo Finance report
, Artemis data reveals that companies now collectively hold 3.2 million ETH—representing 0.40% of all ETH—outpacing the 0.36% of the 19 million
BTC
held by Bitcoin’s institutional investors. This shift demonstrates rising trust in Ethereum’s capabilities, largely attributed to its energy-saving proof-of-stake (PoS) consensus and its alignment with regulatory standards.
The increase in Ethereum holdings is spearheaded by companies such as BitMine, which
acquired $113 million
in
ETH
for its reserves, raising its total to 3.3 million ETH (valued at $13.2 billion) and establishing itself as the top corporate ETH holder. CEO Tom Lee has described Ethereum as a “neutral chain” ready for institutional use, setting it apart from Bitcoin’s price swings. In addition, the Ethereum Foundation has introduced
an institution-focused portal
to highlight its contributions to real-world asset (RWA) tokenization, stablecoin systems, and decentralized finance (DeFi); the portal also spotlights
ZK
privacy solutions and restaking, as detailed in
a Cryptonews piece
.
This trend is further influenced by global events, such as the U.S.-China trade pact that boosted international markets. The agreement, which prevented 100% tariffs and rare earth export restrictions, drove Ethereum’s price to $4,049—a 2.7% increase—while Bitcoin hovered around $113,367, according to
a Bitget article
;
a Coinpedia report
also covered this upward movement. Some investors took advantage of the rally, with
a Yahoo Finance feature
highlighting one trader’s $17 million profit.
Ethereum’s technical indicators remain optimistic. Despite a recent
1.2% dip to $3,932
, the asset maintains crucial support near $3,900, and experts anticipate a steady climb toward $10,000 by 2028, as
Coinotag reports
. This outlook is supported by Ethereum’s capped supply, increasing institutional interest, and expanding DeFi ecosystem. Layer-2 solutions such as
Linea
and
Starknet
now safeguard assets exceeding $50 billion, while staking platforms like
EigenLayer
and RocketPool offer yield opportunities for institutional ETH holders. Short sellers had taken on considerable leverage before the summit, according to
a Yahoo analysis
.
Nevertheless, certain risks remain. BitMine’s 2.8% share of ETH exposes it to concentration risk, as a 20% price drop could wipe out $2.76 billion in value. Regulatory challenges are also on the horizon, with the SEC potentially classifying ETH as a security, which could require major holders to meet new reporting standards. Meanwhile, Bitcoin’s dominance is being challenged by Ethereum’s growing ecosystem, which now includes tokenized Treasuries and stablecoins such as Tether’s USDPT, and
Tether holds more U.S. Treasuries
than countries like South Korea and the UAE.
The market’s trajectory is also being shaped by stablecoin leaders like
Tether
and Western Union, which is preparing to introduce
a Solana-based stablecoin
in 2026. These initiatives highlight blockchain’s growing role in mainstream finance, with Ethereum and
Solana
competing for dominance in cross-border transactions and asset tokenization.
With the Trump-Xi summit approaching, investors remain vigilant. A finalized trade agreement could encourage risk-taking, while failed negotiations may trigger renewed volatility. At present, Ethereum’s institutional momentum is reshaping the crypto sector, positioning it as a crucial link between digital assets and traditional financial systems in the eyes of both corporations and regulators.
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