Ethereum Sees Boost from Corporate Treasuries and Institutional Investment

Tom Lee of Fundstrat predicts that Ethereum (ETH) will surpass $10,000 over the next 12 months. He attributes this to increased corporate treasury holdings and a potential wave of institutional allocation.

Lee expects crypto treasuries to play a significant role in this trend, with all Digital Asset Treasuries (DATs) increasing their buying over the next 12 to 18 months. Currently, Ethereum DATs hold approximately 7% of the total supply in aggregate, which could rise to 15% in the current cycle.

Lee also notes that Hyperliquid's primary treasury holds 14% of HYPE's token supply and continues to buy. He questions what would happen if treasuries were to hold 50% of the supply, suggesting it could drive a parabolic price increase for HYPE.