Ethereum’s Strategic Hoard: Why Top Institutions Are Hoarding ETH Like It’s Dostoevsky’s Last Loaf of Bread
Bitcoin, the old czar of reserves, has long been the jewel in the crown. Yet do you not feel it? The rising, creeping ambition of Ethereum, gnawing away at the throne? On the mournful eve of June 19, the tally of institutional ETH reserves slithered up to 1.190 million—a sum that would buy many a soul or at least several nice dinner parties in St. Petersburg. Nearly $3 billion. More than 1% of the entire supply! Dostoevsky’s Raskolnikov surely would’ve had opinions about property crime in such an era…