Bitwise Asset Management says ETH$4,187.66 It is rapidly solidifying its financial asset status.
The Digital Assets Treasury (DATS) once largely Bitcoin-centric, but is now allocated to ether on a large scale, creating structural demand beyond net supply, the company said in its report Monday.
“ETH’s finances are no longer a side story. They are becoming structural pillars in Crypto’s capital markets,” writes analyst Max Shannon.
According to Bitwise, its demand is enhanced by trading fees and real yields from the Maximum Extractable Value (MEV), deepening the narrative of etheric rarity.
The company says the largest five Treasury ministries reflect a diverse set of strategies to fund ecosystem development, from corporate accumulation and staking to foundations selling ether.
This diversity highlights the dual identity of cryptocurrency as both a reserve asset and a productive, yield-bearing tool, the report says.
Looking forward to it, Bitwise expects the integration of the landscape where “mega whale” and “whale” data dominates the flow.
Ether carves out its unique role not only as a hedging and speculative play, but also as a programmable financial asset that links corporate finances with on-chain economics, the report added.
Bitmine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it controlled more than 2% of Ether’s supply and raised $365 million to expand its holdings.
read more: Tom Lee’s Bitmine sells stocks for $70, raising another $365 million for the ETH Treasury Department
