Analyst: Ethereum Treasury Company continues to buy, ETH demand remains strong

ChainCatcher news, Coinbase Institutional Research Director David Duong stated on social media, "The demand for ETH is not over. Since the beginning of August, leading ETH treasury reserve companies have accumulated over 795,000 ETH (approximately $3.6 billion), currently controlling more than 2% of the total ETH supply. At the same time, the newly raised $20 billion by BMNR has increased its total purchasing power to $24.5 billion."