Key Takeaways
- Ethereum (ETH) could reach $8,600 if Bitcoin climbs to $150,000, according to analyst YashasEdu.
- Institutional accumulation has pushed corporate (ETH) treasuries to a record $13.83 billion.
- Growing corporate interest reflects a shift toward yield-generating digital assets.
- Ethereum’s proof-of-stake model offers yield potential absent in Bitcoin holdings.
Ethereum could reach $8,600 if Bitcoin rises to $150,000, a cryptocurrency analyst said, citing market patterns seen in previous bull runs.
In a post on X, trader YashasEdu said Ethereum’s market capitalization has typically reached 30–35% of Bitcoin’s during major rallies, hitting about 35% in 2017 and 36% in 2021.
At Bitcoin’s current price of $118,138, Ethereum accounts for roughly 21.7% of Bitcoin’s market value, leaving room for the gap to narrow if past patterns repeat.
The analyst said that at a Bitcoin price of $150,000, a 35% ETH/BTC market cap ratio would value Ethereum near $1 trillion, or about $8,656 per token, while a 30% ratio would put it at about $7,420.
YashasEdu cited Ethereum’s total value locked surpassing $90 billion, billions of dollars in institutional purchases, strong ETF inflows, and traditional stocks moving on-chain as supporting factors.
Could It Happen?
Ethereum’s recent price surge above $4,500 has coincided with a wave of institutional accumulation, pushing corporate treasuries to record levels, with the combined holdings of the top 10 corporate Ethereum treasuries valued at about $13.83 billion.
BitMine Immersion Technologies leads corporate holders, with roughly 1.2 million (ETH), worth $5.40 billion, after purchases worth about $2 billion in recent weeks.
SharpLink Gaming follows with 598,800 ETH valued at $2.69 billion, after a $264 million purchase.
The Ether Machine ranks third with 345,400 ETH worth $1.55 billion, boosted by a 15,000-ETH acquisition marking Ethereum’s 10th anniversary.
Other major holders include the Ethereum Foundation (232,600 ETH; $1.05B), PulseChain Sac (166,300 ETH; $748M), Coinbase (136,800 ETH; $616M), Bit Digital (120,300 ETH; $541M), Mantle (101,900 ETH; $459M), Golem Foundation (100,700 ETH; $453M) and BTCS Inc. (70,000 ETH; $315M).
Amid these moves, blockchain records show a single unidentified whale accumulated 221,166 ETH, worth about $946 million, over the past week, with transfers linked to Galaxy Digital, FalconX and BitGo.
Analysts say these large-scale purchases reflect a broader shift toward yield-generating assets such as Ethereum. If accumulation continues at this pace, the inflow of capital could support the market cap expansion needed for Ethereum to approach the projected highs near $8,600.
Why the Shift to ETH
Public companies hold hundreds of billions of dollars in on-chain assets, yet much of the potential income from those holdings remains unclaimed. Research firm P2P estimates nearly $5 billion in annual staking yields is left on the table as corporate treasuries fail to activate positions on proof-of-stake networks, such as Ethereum and Solana.
The report said that while corporate adoption of cryptocurrencies has accelerated, many firms have overlooked a key difference between Bitcoin and newer networks.
Bitcoin, while scarce and valuable, is a passive asset that generates no native yield. However, Ethereum and Solana, were designed to be productive, rewarding participants who contribute to network security and operations through staking.
The report concludes with a simple comparison that paints a broader picture: $100 million in Bitcoin earns no native yield and depends entirely on price action, while the same amount in Ethereum could produce $3.5 million annually through basic staking or $5 million with optimization.
In Solana, similar holdings could generate $6–8 million a year through basic staking, while advanced strategies could boost returns to more than $10 million.
These numbers highlight why companies are increasingly turning toward Ethereum.
Read More: Ethereum Price Analysis: ETH Soars to Four-Year High; Is $5,000 Next?
