etherealize raises $40m to pitch eth to wall street while firms buy $1.2b worth this week

etherealize just closed a $40 million funding round led by electric capital and paradigm to drive institutional ethereum adoption. this comes during a week where public companies added over $1.2 billion worth of eth to their treasuries.

the numbers are getting serious. the ether machine raised 150,000 eth worth $654 million on tuesday. bitmine immersion bought another 150,000 eth over the past week. companies are accumulating at unprecedented rates.

what's interesting is etherealize was founded by vitalik buterin and the ethereum foundation specifically because institutions lack education on eth compared to bitcoin. wall street clearly understands btc but eth adoption has been slower despite the technology advantages.

firms now hold nearly 4% of total eth supply and this could reach 6-10% by year end if fed cuts rates this month. that level of institutional ownership could create serious supply constraints.

derive platform founder nick forster is putting 44% odds on eth hitting $6,000 by year end, with 30% chance it happens by october. current price around $4,400 means we're looking at potential 36% upside.

the timing seems perfect – institutional education funding arriving right as corporate treasuries start serious accumulation. eth is down 11.5% from its august peak but corporate buying suggests this might be the floor.

if institutions really do reach 6-10% supply ownership while ethereum becomes easier to understand through etherealize's efforts, supply shock dynamics could get wild heading into q4.