Entreparticuliers, a French public company, is gaining attention after deciding to transform into an Ethereum Treasury Company. With ambitions to acquire more ETH in May and potentially June, this has raised questions: Is Ethereum the ideal cryptocurrency to invest in now?
MicroStrategy, now rebranded as Strategy, set a precedent by selecting Bitcoin as its primary treasury asset. Since its August 2020 decision, the company’s valuation has soared past $80 billion, potentially positioning it among the top 500 and in the S&P 500 index鈥攁n impressive feat for Michael Saylor and his firm.
Despite ongoing discussions about the sustainability of its model, Strategy remains a beacon of inspiration for many.
A growing number of public companies, including Abraxas Capital and BTCS Inc., are also incorporating cryptocurrencies into their balance sheets or redesigning their business strategies around them.
Entreparticuliers Chooses Ethereum
Following MetaPlanet’s example in accumulating Bitcoin, Entreparticuliers now opts for Ethereum. The company recently announced its strategic pivot to function as an Ethereum Treasury Company, enhancing its existing operations.
1/ 馃嚝馃嚪 Entreparticuliers, a French real estate platform, officially announced its transformation into an Ethereum Treasury Company. 馃殌 tweet link
Though the announcement stirred expectations of price fluctuations, the actual response exceeded all forecasts鈥攁 staggering 800% increase in stock price in just one day, outperforming several notable Solana meme coins.
#bourse the company link announced its intent to stock Ethereum in addition to its usual activities, echoing the days when suffixes like .com were essential to gaining credibility with investors鈥攁 reminiscent of the dotcom bubble that eventually burst. tweet link
To comprehend the reasoning behind this shift, we must investigate Entreparticuliers’s previous activities prior to its move into crypto and Ethereum.
Known as a niche player in the online French real estate market for years, the company has decided to focus solely on Ethereum this month.
They have declared intentions to invest $1.1 million in ETH by May 29. If their plans get approved this June, they aim to secure an additional $150 million to acquire further ETH. Moreover, they will integrate Ethereum into their real estate and finance operations, marking a significant transformation from a property listing service to a decentralized asset manager.
Will ETHUSDT Soar to $5,000?
As a result of their pivot, Entreparticuliers’ stock value has skyrocketed鈥攏ot only due to the potential of ETHUSDT (which shows promise with its impressive May performance) but also as they become the first publicly traded firm in Europe to fully adopt an Ethereum treasury strategy.
Investors are filled with optimism, envisioning Entreparticuliers and Ethereum as potential next 1000X projects. Following the success of Strategy, whose share value has surged over 12 times since integrating Bitcoin, there’s widespread belief that Entreparticuliers could replicate this success with Ethereum, a token many analysts currently deem undervalued.
Institutions across America are accumulating ETH via authorized spot Ethereum ETFs. In just the past 24 hours, over $64 million in ETH-backed shares have been purchased by various institutions.
The actions of Entreparticuliers, alongside the institutional push to accumulate ETH鈥攑articularly as market sentiment swings favorably鈥攕uggest that Ethereum’s value may exceed projections in the months ahead.
Currently, resistance lies at $2,700. Should Ethereum hold above $2,300, a rally beyond $3,000 and eventually towards $4,900 may be achievable soon.
