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![0xadriandefi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1658795938821951489.png) adrian defi [@0xadriandefi](/creator/twitter/0xadriandefi) on x 1741 followers
Created: 2025-07-09 16:59:55 UTC

Corporate treasuries now hold over 1.3M $ETH - that's XXX% of total supply.

Let me put this in perspective: 
In the last XX days, just two companies @SBETonETH and @BitDigital_BTBT have bought 305k $ETH which is about XX% of all net $ETH issued created since the merge (September 15, 2022 - excl. burnt $ETH).

We're watching $ETH transform into potentially the most deflationary mainstream asset in financial history and it's purchasable for TradFi via company wrappers.

Look at the math:
- Treasury holdings: 1.3M $ETH
- Recent 30-day corporate buying: >300k $ETH
- ETF holdings: 4.11M $ETH (growing fast)

And most people think $ETH is dead.

Serious supply shock inc?

![](https://pbs.twimg.com/media/GvblCPuWcAA4noj.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942992121159414073/c:line.svg)

**Related Topics**
[sbetoneth](/topic/sbetoneth)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/0xadriandefi/status/1942992121159414073)