Crypto treasuries trending šŸ’°

Institutions are sidelining retail investors as corporate treasuries snap up crypto for their holdings, experts told Decrypt.

šŸ“ What you need to know

Ethereum’s recent surge is propelled by it and Bitcoin serving as ā€œalternative stores of value and potential hedges" by institutional investors, experts told Decrypt.

That’s led to Ethereum retail investors being ā€œsidelinedā€ as funds flow into ETFs and corporate treasuries like Bitminer, which now holds the world’s largest holdings of ETH. Other firms are following suit, with Sharplink announcing a $265 million ETH buy for its holdings Tuesday.

It’s not just ETH that’s being propelled by institutional enthusiasm; Litecoin surged to a five-month high Tuesday on renewed optimism around a LTC ETF and pharmaceutical firm MEI Pharma’s recent $100 million pivot into a Litecoin corporate treasury.

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