Strategic Ethereum Reserve hits $2.1B – Can ETH target $3K now?

Strategic Ethereum Reserve (SER) is gaining traction to compete with Bitcoin and Solana treasuries, with institutions and Michigan holding $2.1 billion in ETH (789,905 coins). Major holders include the Ethereum Foundation, Coinbase, and Golem Foundation, while the U.S. government holds 59,965 ETH and Michigan possesses 4,000 ETH. Bhutan, notable for Bitcoin mining, has also acquired 495 ETH. Demand in the ETH market is driven by large holders, as evidenced by an increase in holdings among those with 10K-100K ETH to 16.7 million, and 1K-10K ETH to 12.5 million, while retail holders decreased from 14 million ETH to 9 million.