In the past 30 days, 10 Ethereum funding companies have cumulatively purchased over 550,000 $ETH, with a total value of approximately $1.65 billion.

Milk Road co-founder @KyleReidhead pointed out that these funding companies are different from ETFs. Currently, they only buy and do not sell, and transfer the purchased ETH (accounting for 0.5% of the circulating supply) to Ethereum DeFi smart contracts for staking or lending 🔒.

This trend may lead to a $ETH supply crunch in the coming months 💸⬇️.

The demand for $ETH right now is insane

@SharpLinkGaming alone has bought more than 75k $ETH ($225 million USD) in the last 5 days 🤯

In the last 30 days, 10 ETH treasury companies have bought more than 550,000 $ETH ($1.65 billion USD)

And these numbers are accelerating!

This means the numbers should get bigger from here, not smaller

Think about it...

there are new $ETH treasury companies launching every week (sounds like the biggest is yet to come)

and each company is looking to buy more $ETH than they did the previous week

So if the last 30 days is $1.65 billion, then will the next month be $2 billion and then $3 billion after that?

At some point the demand will slow down, but it seems too early for that to start today. Especially if Stablecoins continue to grow and more favourable regulatory gets put into place (its crypto week in the US this week)

In the last 30 days, these treasury companies have bought 0.5% of the entire $ETH supply and moved it into Ethereum DeFi smart contracts (via staking or lending)

Remember, unlike the ETFs, these companies don't sell. They only buy (at least for now).

This is going to create a supply shock for $ETH over the coming months, there's really no way around it.

Fade $ETH and the treasury companies at your own caution 👀