Analyst: Ethereum Treasury Company Continues to Buy, ETH Demand Still Strong

BlockBeats News, August 18th, Coinbase Institutional Research Director David Duong posted on social media, stating, "The demand for ETH is not over yet. Since early August, top ETH treasury reserve companies have accumulated more than 795,000 ETH (about $3.6 billion), currently controlling over 2% of the total ETH supply. At the same time, the newly raised $20 billion fund by BMNR has increased its total purchasing power to $24.5 billion."