Institutional Investors Capitalize on Ethereum Price Decline for Strategic Accumulation
Despite massive unrealized losses, treasury companies such as Sharplink and Bitmine Immersion continue to accumulate large quantities of Ether, banking on staking yields.
While Ethereum's price has fallen 60 percent from its August high of $4,946 to $1,939, institutional players are using the weakness to massively expand their holdings.
U.S.-based Sharplink now holds 867,798 Ether worth approximately $1.68 billion and has staked nearly 100 percent of it to generate continuous returns. The strategy is resonating with investors: institutional participation increased by 46 percent following the entry of 60 new addresses.
Despite unrealized book losses of $1.39 billion, Sharplink is maintaining its accumulation strategy. Industry leader Bitmine Immersion, owned by star investor Tom Lee, manages an even larger 4.37 million Ether valued at $8.69 billion, though it has recorded book losses of $8.1 billion.
On-chain data shows that Tom Lee's DAT recently acquired an additional 10,000 Ether for just under $19.49 million. This concentration among a few treasury companies significantly reduces the available token supply on exchanges. Long-term oriented investors interpret this contrarian behavior as a positive fundamental signal for future price developments.
Sources
- [1]btc-echo.de
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