$ETH has officially flipped $BTC in the share of total supply held by digital asset treasuries!🚨 ETH treasuries now hold 4.3% of the supply, ahead of BTC at 3.6%. To me this is completely logical. Ethereum has far more stakeholders with real operational needs than Bitcoin ever has: 🔹 L2s 🔹 DeFi protocols 🔹 DAOs 🔹 Foundations 🔹 Treasury companies 🔹 Governments experimenting with onchain infrastructure 🔹 And countless Web3 projects actually building on Ethereum If this trend continues, I wouldn’t be surprised if by 2026 we SEE major STABLECOIN ISSUERS wanting to HOLD a strategic STAKE in Ethereum as well.