Ethereum Is Being Bought Up FAST! ETH Supply Shock Coming?

"Since ETH is poised to outperform BTC significantly, companies stockpiling it will likely see their MNAV levels supercharged."

"Bitine announced plans to accumulate a staggering $25 billion worth of ETH for its treasury. Now, this news sent BMNR stocks soaring by over 62% and helped push ETH's price to nearly $4,500, levels not seen since December 2021. What's crazy though is that Bitine will likely accumulate this ETH at a rapid rate and that's simply because it seems to be in a highly competitive arms race with the next Ethereum treasury company in today's video."

"This means there's still a whopping $23.8 billion that could be spent accumulating ETH, which at today's price would equate to around 5 million ETH. This would bring the total amount of ETH held by all Ethereum Treasury companies to 8.5 million, which is 7% of the total supply. Note that this is a ballpark figure and these numbers could change in the future. The point is though, you don't need to be a genius to see how massive this is for ETH's price. It could easily be the catalyst that pushes ETH to new all-time highs."

"The caveat, however, is that ETH's rally is still in progress, and the growing demand from Wall Street is likely to help sustain it for the foreseeable future. As such, even if a company's MNAV is temporarily low, the impact is mitigated as long as ETH's price continues to climb, which again seems likely to happen in the coming months."

"As such, we believe the likelihood of an ETH treasury company collapsing appears minimal, at least for now. Once ETH reaches its cycle top, the success of these treasury companies will largely hinge on how effectively they manage their reserves."