Experts Predict Public Companies Could Soon Buy Up All Newly Issued ETH Since The Merge

The recent accumulation of Ethereum by public companies is writing a new chapter in Ethereum’s history. Experts and market analysts believe this accumulation trend will grow even stronger in the future. Recently, a company sold Bitcoin to buy Ethereum, marking a significant shift in long-term expectations for this asset compared to the broader market. Why Institutions Soon Buy up All Newly Issued $ETH Since Ethereum’s Merge upgrade in September 2022, the network has sharply reduced $ETH issuance. Ycharts data shows that issuers only circulated around 300,000 new $ETH after this upgrade. Furthermore, Ethereum burns a portion of transaction fees forever, and validators must lock up large amounts of $ETH to secure the network. Companies and institutions ramping up $ETH accumulation in 2025 could further push the supply-demand imbalance. Ethereum developer Binji compared $ETH to an oil field that pumps out just one barrel daily, while Wall Street consumes six barrels. His point is that new $ETH issuance is tiny compared to what institutions keep buying and holding. BeInCrypto reported that Bit Digital sold all its Bitcoin holdings — 280 $BTC worth around $28 million—and combined the proceeds with the $172 million raised through a public offering to buy 100,603 $ETH worth about $254.8 million. Earlier, SharpLink Gaming raised $425 million specifically to buy more Ethereum. These moves led well-known crypto analyst Pentoshi to predict that institutions will soon absorb all newly issued ETH. Pentoshi and Binji both argue that $ETH accumulation is still early. They believe $ETH could transform into a mainstream deflationary asset. However, some critics challenge this view. They argue that companies might hold $ETH in their treasuries mainly to attract “exit liquidity” — so large investors can sell at higher prices. These critics claim narratives that once fueled $ETH’s price — like ICOs, DeFi, and NFTs — have lost strength. They say stablecoins now drive $ETH demand. However, Ethereum could lose its leading position as more blockchains compete to host stablecoins. At the time of writing, $ETH trades around $2,550. $ETH’s price is still half of its all-time high from 2021.