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![EvanLuthra Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::206930103.png) Evan Luthra [@EvanLuthra](/creator/twitter/EvanLuthra) on x 438K followers
Created: 2025-07-25 11:28:30 UTC

This wasn’t an ETF-only story. Something else happened:

Public companies started buying ETH for their balance sheets.

Sound familiar? 
It’s the MicroStrategy-BTC playbook.

But this time, it’s ETH. And the players are bold.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948706923060003309/c:line.svg)

**Related Topics**
[bold](/topic/bold)
[playbook](/topic/playbook)
[happened](/topic/happened)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/EvanLuthra/status/1948706923060003309)