ETH Demand Soars as Treasury Reserves Accumulate Over 795,000 ETH Amid $20 Billion Fund Raise

In a recent update from *COINOTAG News* on August 18th, David Duong, the Director of Institutional Research at Coinbase, emphasized a continuing strong interest in *Ethereum* (ETH). Notably, major ETH treasury reserve firms have amassed over *795,000 ETH*, valued at approximately *$3.6 billion*, which now represents more than *2%* of the overall ETH supply. This significant accumulation suggests a bullish sentiment among institutional investors regarding the digital asset’s future. Furthermore, BMNR’s recent fundraising success, which raised a notable *$20 billion*, has propelled its total acquisition capacity to *$24.5 billion*. This combination of increased institutional interest and substantial funding indicates a robust market environment for Ethereum and reinforces its position in the ever-evolving cryptocurrency landscape.