The corporate Ether acquisition race is intensifying as BitMine plans to raise $24.5 billion through an at-the-market stock sale to acquire more Ether. Meanwhile, SharpLink has successfully raised $389 million from institutional investors, with intentions to use the proceeds mainly for acquiring ETH and operational needs. Notably, BitMine holds the largest Ether treasury, boasting 1.2 billion ETH valued at $5 billion, while SharpLink holds 598,000 ETH worth approximately $2.64 billion. This growing trend of corporate adoption has led Ether's price to rise over 21% recently, bringing it close to its all-time high of $4,890. Analysts, including Gracy Chen from Bitget, note that major financial firms are increasingly viewing Ethereum as a secondary treasury reserve asset, highlighting a significant shift in traditional finance's engagement with cryptocurrencies. The expected long-term trend suggests Ethereum-focused treasury companies could collectively possess nearly 5% of Ether's total supply.

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