Ethereum News Today: Ethereum Surpasses Bitcoin in Institutional Uptake as Companies Seek Better Returns and Enhanced Efficiency

Institutional interest in Ethereum continues to rise, as leading corporate treasuries are increasing their ETH reserves in response to favorable macroeconomic trends.

, which holds the position of the world’s second-largest digital asset treasury (DAT), recently announced the acquisition of 77,055 ETH last week. This purchase brings its total holdings to 3.31 million ETH—representing about 2.8% of all Ethereum in circulation, as highlighted in an . This development comes after SharpLink Gaming’s $78.3 million buy of 19,271 ETH, which increased its treasury to more than 859,000 ETH, now valued at over $3.6 billion, according to a . Altogether, corporate treasuries now control 5.98 million ETH, or 4.94% of the total supply, indicating ongoing institutional appetite for Ethereum, as noted by Crypto.news.

This wave of purchases has paralleled a recovery in Ethereum’s price, which surged to $4,238 on October 27—a 7.5% increase in just 24 hours, according to Crypto.news. BitMine’s Chairman Thomas Lee credited the positive market mood to advancements in U.S.-China trade negotiations, which have supported risk-oriented assets. “Although crypto fundamentals don’t correlate with equities, historical patterns reveal Ethereum tends to outperform when stocks are rising, strengthening its connection to risk-on sentiment through leverage,” Lee explained, as cited by FXStreet. This sentiment matches the broader optimism in the markets, with the S&P 500 and Nasdaq also climbing as trade tensions eased.

The pace of Ethereum accumulation by companies has now overtaken Bitcoin’s institutional adoption. As of October 23, Ethereum treasury organizations collectively hold 3.2 million ETH, or 0.40% of the total supply, outpacing Bitcoin’s corporate holders, who own 0.36% of the 19 million

, according to . This trend highlights Ethereum’s growing popularity as a yield-generating asset after its transition to Proof-of-Stake, which cut energy use by 99% and enabled staking rewards, the Yahoo report added. BitMine’s treasury now comprises $14.2 billion in total assets, including $305 million in cash, 192 BTC, and an $88 million investment in , as reported by FXStreet.

At the same time, smaller firms are joining the movement. Bitplanet in South Korea has started a daily

accumulation initiative, and SpaceX recently shifted $133 million in Bitcoin to new wallets, according to . These actions highlight a rising trend of companies viewing digital assets as strategic reserves. However, not all treasuries are increasing their Ethereum exposure. Strategy, a company focused on Bitcoin, recently added $43 million in BTC, bringing its total to 640,808 coins worth $73.6 billion, as detailed in .

In the short term, market watchers are closely monitoring Ethereum’s price movements. Analysts point to $4,270 as a key resistance point, with a breakout above this level potentially driving ETH toward its October peak near $4,730, according to FXStreet. On the other hand, short sellers have placed $650 million in leveraged bets around the $4,100 mark, reflecting some ongoing caution, as noted by Yahoo Finance. For now, the upward momentum remains strong, fueled by both institutional buying and supportive macroeconomic factors.