Ethereum Hits $3,600 as Corporate ETH Treasuries Fuel Stock Rally
Ethereum surged past $3,600, driving companies to adopt the Bitcoin treasury model by building ETH treasuries. Leading firms such as SBET and BMNR now hold over $1 billion each in ETH reserves, prompting SharpLink Gaming to expand its ATM program and BitDigital to hit its highest annual share price. On July 18, Ethereum reserve concept stocks rallied pre-market: BMNR (+16%), GAME (+13%), BTCS (+12%) and SBET (+8%).
Record Ethereum contract positions reached $50.29 billion, while corporate buyers have amassed 1.7 million ETH versus 5.1 million ETH held by ETFs. Combined institutional and ETF inflows exceed new ETH supply by 186×, stoking scarcity concerns. Corporate staking adds yield opportunities but faces regulatory scrutiny, with SharpLink already staking roughly 415 ETH. Traders should monitor ETH supply dynamics, reserve stock movements and emerging staking regulations for actionable insights.
Bullish
Corporate accumulation of ETH reserves and adoption of the treasury model signal strong institutional demand. Ethereum’s price surge above $3,600 and record $50.29 billion in contract positions underscore bullish momentum. Pre-market rallies in ETH reserve stocks further reflect investor confidence. Combined inflows exceeding new supply by 186× raise scarcity prospects. While staking yields add complexity, regulatory scrutiny is unlikely to dampen the immediate bullish outlook. Traders can expect continued upside in both ETH price and related equities.