FameEX Hot Topics | 4 Million Ethereum Purchased by Public Companies in Q3

Crypto executives are forecasting a significant rise in Ethereum’s price by the end of the year, driven by corporate Ethereum purchases, the growth of Ethereum in exchange-traded funds (ETFs), and an increasing amount of Ethereum being locked in staking. According to Bitwise Invest, 4 million Ethereum purchased by public companies in the past quarter alone accounts for approximately 4% of the total Ethereum supply. This surge in corporate acquisitions has contributed to a positive outlook for Ethereum in the near term.

The concentration of Ethereum purchases in Q3 raises questions about its future in the fourth quarter of 2025, which historically has been one of Ethereum’s worst-performing periods, according to CoinGlass. Despite this, many analysts remain optimistic about Ethereum’s prospects, pointing to the recent surge in corporate purchases and other factors that could provide positive momentum moving into the final months of the year. Ethereum was trading above $4,300 before a major sell-off in the crypto market, which triggered over $19 billion in liquidations. As of September 30, public companies held a total of 4.63 million ETH, further fueling confidence in Ethereum's potential for growth.

Some analysts predict that the influx of corporate Ethereum purchases, also known as the "new treasury narrative," could lead to a stronger-than-usual finish for the year. BitMine Immersion Technologies currently holds the largest share of corporate Ethereum, with approximately 3.03 million ETH. Other major holders include Sharplink Gaming with 840,120 ETH and The Ethereum Machine with 496,710 ETH, as reported by StrategicETHReserve. These corporate holdings represent a significant portion of the Ethereum market, and their continued purchases could help push the price higher in the coming months.

Sharplink Gaming co-CEO Joseph Chalom expressed strong confidence in Ethereum, describing it as the "best choice for institutions" due to its decentralized nature, security, and continuously expanding network. Chalom mentioned that one of Sharplink’s top priorities is to raise capital and accumulate as much Ethereum as possible. As more institutions follow this approach, Ethereum’s value may continue to rise, driven by both corporate interest and broader institutional adoption.

In addition to corporate treasuries, analysts point to other factors that could further boost Ethereum’s price, such as steady inflows into U.S. spot Ethereum ETFs and the large proportion of Ethereum locked in staking contracts. Merlijn The Trader, a well-known crypto analyst, highlighted that 40% of the total Ethereum supply is currently locked away, setting the stage for what he predicts could be an Ethereum supercycle. Michaël van de Poppe, founder of MN Trading Capital, also shared a similar view, noting that the ETH/BTC market has just begun its upward trajectory, with significant potential for further gains.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.