Crypto executives predict a significant price increase for Ether, potentially rising by 200% by year-end, driven by corporate acquisitions, ETF investments, and increased staking.
Nearly all of the ETH held by public firms was obtained from July to September, suggesting intense accumulation.
“95% of all ETH held by public companies was purchased in the past quarter alone,” Bitwise Invest reported, noting that this equals approximately $19.13 billion of Ether.
“95% de todo el ETH poseído por empresas públicas fue comprado solo en el último trimestre,” informó Bitwise Invest, señalando que esto equivale a aproximadamente $19.13 mil millones de Ether.
From a total of 4.63 million ETH on company books as of September 30, approximately 4 million were acquired in Q3.
Will Q4 Bring Gains for Ether?
The buy-in focus raises questions for Ether’s performance in Q4, historically its second weakest, according to CoinGlass.
Ether was trading above $4,300 before a market sell-off, significantly impacting valuations across the board.
Ether public treasuries
Ether public treasuries added over 4 million ETH tokens in Q3 alone. Source: Bitwise
At present, BitMine Immersion Technologies leads with about 3.03 million ETH, followed by Sharplink Gaming and The Ether Machine.
Analysts point toward institutional interest and continued inflows into ETH-linked ETFs as factors likely to bolster Ether’s price.
Sharplink Gaming co-CEO Joseph Chalom emphasized Ethereum’s institutional appeal, citing its decentralized, secure nature and a growing network.
“It’s decentralized, secure and continuously growing its network,” Chalom stated.
“Es descentralizado, seguro y su red sigue creciendo,” dijo Chalom.
Factors like steady capital inflows into US spot Ether ETFs may play a significant role, along with substantial ETH in staking.
Merlijn The Trader mentioned that 40% of Ethereum’s supply is currently out of circulation, which he believes sets the stage for a supercycle.
Conclusively, leading crypto figures are optimistic about Ether’s potential for a bullish close to the year.
