95% of Corporate ETH Purchases Occurred in Q3 — Is an Ether Supercycle Beginning?

With more and more public corporations investing in ETH, Ethereum may be about to enter a significant new phase. The last three months...

Quick overview

  • Public corporations have purchased 95% of all Ethereum held by them in the last three months, totaling around 4.63 million ETH worth $19 billion.
  • Analysts are optimistic about a potential 'Ether supercycle,' predicting ETH could rise to $10,000 or even $12,000 by the end of 2025.
  • Corporate interest in Ethereum is driven by its multiple revenue streams, including long-term investment, decentralized finance applications, and staking for passive income.
  • With 40% of ETH supply locked in staking contracts, there may be supply pressure that could contribute to significant price increases in the coming months.

With more and more public corporations investing in ETH, Ethereum may be about to enter a significant new phase. The last three months from July to September 2025, saw the purchase of an astounding 95% of all Ethereum held by corporations, according to fresh data from Bitwise.

According to Bitwise public corporations currently own around 4.63 million ETH which is equivalent to $19 billion and represents approximately 4% of Ether’s total supply. More remarkable is the fact that in just the third quarter about 4 million ETH were added to their balance sheets.

Some cryptocurrency observers think this might be the beginning of a “Ether supercycle,” describing it as one of the largest institutional buying waves Ethereum has ever witnessed.

Forecasts for the Price of ETH Turn Bullish

The larger crypto market fall has caused Ether which is now trading at about $3,980 to drop 11% over the past month. The market was trading above $4,300 before to the sell-off. Even with this decline a lot of analysts are still optimistic that ETH might increase by 200% before 2025 is over.

Both Arthur Hayes, co-founder of BitMEX and Tom Lee chair of BitMine Technologies expect that Ether will hit $10,000 before the end of the year. If market momentum persists, Lee even suggests that it may reach $12,000.

Co-CEO of Sharplink Gaming Joseph Chalom stated that he is “bullish” on Ethereum since it is “the best choice for institutions.” His company now owns over 840,000 ETH. He went on to say “Its network is constantly expanding, safe and decentralized. We want to raise money and get as much Ethereum as we can.

Why Do Businesses Purchase So Much Ether?

Ether’s numerous revenue streams have increased corporate interest in it. Businesses can store ETH as a long-term investment while the Ethereum network grows use it in decentralized finance applications or stake it to generate passive payments.

Additionally there has been an increase in inflows to U.S. spot Ether ETFs which give retirement funds and institutions regulated exposure to ETH. However a sizable amount of nearly 40% of the total supply of ETH is trapped in staking contracts. As a result there may be a supply pressure since there is less Ether available on the market.

Merlijn, a cryptocurrency trader On X (previously Twitter), the trader posted: “40% of the whole supply is no longer in circulation. This is how an Ethereum supercycle is set up.

 

What Will Happen to Ether Next?

While Ethereum has not historically performed well in the final quarter of the year analysts think that this time around might be different.

A lot of people expect higher-than-normal gains in Q4 due to corporate buying, ETF expansion and stake shortages.

As Michaël van de Poppe, the founder of MN Trading, pointed out, “ETH vs. BTC has barely started its move.” Similar to 2019 the first increase has occurred and there is still a lot more positive in store.

In short a true Ethereum supercycle that might propel ETH to new all-time highs before 2025 ends may be in the works due to strong corporate demand and tightening supply.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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