Rapid Increase in Ethereum's Value Over the Week Observed, Supported by Growing Corporate Treasury Adoption
In a significant development for the crypto market, digital asset mining company Bit Digital has sold 280 Bitcoin and raised $172 million in fresh capital to accumulate 100,603 Ethereum (ETH), marking a more than 300% increase from its 24,434 ETH balance at the end of the first quarter. With this move, Bit Digital aims to become 'the most preeminent ETH holding company in the world.'
Meanwhile, SharpLink Gaming (Nasdaq: SBET) has taken the mantle as the world's largest corporate holder of Ethereum, holding 280,706 ETH as of July 13, 2025. This surge in Ethereum holdings has been fueled by a $413 million fundraising round, with Ethereum co-founder Joseph Lubin joining as board chairman.
The recent surge in Ethereum has been unprecedented. Tuesday's session saw a staggering $192 million flow into Ethereum Exchange-Traded Funds (ETFs), representing 60% of Bitcoin's weekly inflows. This 11% overnight surge is the largest percentage increase for Ethereum since May 8, 2023, signaling a growing institutional interest in the crypto.
The Ethereum spot ETFs have seen over $1.3 billion in inflows over the past two weeks, a testament to the growing demand for Ethereum-based investment products. This surge in institutional interest has been accompanied by an acceleration in corporate adoption, though specific examples were not provided in the text.
The corporate treasury trend extends beyond SharpLink and Bit Digital, with other companies aligning themselves with Ethereum's long-term potential. As Ethereum continues to outpace major cryptocurrencies, the convergence of ETF demand and corporate treasury adoption appears to be creating a new foundation for sustained institutional interest in Ethereum.
Jamie Elkaleh, chief marketing officer at Bitget Wallet, stated that Ethereum's current breakout signals a shift in how institutions value digital assets. 'Ethereum is emerging as the yield-generating infrastructure play, offering both passive income and long-term appreciation,' Elkaleh said.
With staking yields hovering around 4-6% and the token supply now deflationary post-EIP-1559, Ethereum offers a unique combination of passive income and long-term appreciation. This, coupled with the surge in institutional interest, positions Ethereum as a promising investment in the rapidly evolving crypto landscape.
On Thursday, Ethereum reached a new high of $3,455, surpassing its previous peak on January 17, 2023. The ETH/BTC ratio has also broken its 200-day moving average for the first time since February 2023, indicating a shift in the relative performance of the two leading cryptocurrencies.
As Ethereum continues to gain traction among institutions, it remains to be seen how this trend will shape the future of the crypto market. However, one thing is clear: Ethereum's current surge is a testament to its growing appeal and potential as a long-term investment.
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