Ether Nears Record Highs as Corporate Buying Surges

Ether surged sharply on Wednesday, approaching record highs amid growing corporate accumulation, mirroring strategies previously seen in Bitcoin. The world’s second-largest cryptocurrency rose as much as 8.5% to $4,683.0, nearing its $4,861 all-time high from November 2021.

Corporate Ether Accumulation
Several U.S.-listed firms announced plans to boost their Ether holdings this week, following the example of Michael Saylor’s MicroStrategy Incorporated (NASDAQ:MSTR), the world’s largest corporate Bitcoin holder. MicroStrategy raised billions through share offerings to fund Bitcoin purchases, fueling both the company’s stock and Bitcoin’s price.

Now, companies are attempting a similar approach with Ether. Bitmine Immersion Technologies Inc (NYSE:BMNR), the largest corporate Ether holder, disclosed holdings exceeding 1.15 million tokens valued at $4.9 billion, alongside plans to raise $24.5 billion, largely for crypto purchases.

Sharplink Gaming Ltd (NASDAQ:SBET) raised $400 million to expand its Ether portfolio, currently holding approximately 598,800 tokens. Meanwhile, billionaire Peter Thiel revealed a 7.5% stake in 180 Life Sciences Corp (NASDAQ:ATNF), which is rebranding as Ether treasury ETHZilla, holding about 82,186 Ether tokens. Thiel’s disclosure triggered a more than threefold surge in the company’s shares on Tuesday.

Ether Outpaces Bitcoin in 2025
Corporate hoarding has contributed to Ether’s strong performance, with the crypto now outperforming Bitcoin year-to-date. Ether has gained 39.4% so far in 2025, while Bitcoin’s rise stands at 27.9%.

This wave of institutional adoption underscores growing confidence in Ether as a corporate treasury asset and highlights the increasing overlap between traditional markets and the crypto space.