Ether Gains Traction as Treasury Asset, Says Bitwise Report

Bitwise Asset Management reports that ether (ETH) is increasingly becoming a key treasury asset.
Digital asset treasuries, once focused on bitcoin, are now significantly allocating to ether, generating demand surpassing net new supply.
Max Shannon of Bitwise highlights ETH treasuries as crucial elements in crypto capital markets.
Demand for ether is bolstered by transaction fees and maximal extractable value (MEV), enhancing its scarcity narrative.
The five largest treasuries employ varied strategies, such as corporate accumulation, staking, and ecosystem development funding through divestment.
This diversity underscores ether's role as both a reserve asset and a yield-generating instrument.
Future expectations include consolidation with "mega whale" and "whale" digital asset treasuries dominating the market.
Ether's role is evolving from a speculative asset to a programmable treasury asset integrating corporate finance with blockchain economics.
BitMine Immersion Technologies now controls over 2% of ether's supply and has raised $365 million to further expand holdings.