
mpani.base.eth
@mpani
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Hey yāall. š Private firms are betting big on $ETH!
š§ Abraxas Capital has been actively moving significant amounts of Ethereum, with recent transfers totaling over 42,000 ETH (~$155M) to centralized exchanges, sparking market speculation. ļæ¼
š¼ ConsenSys, the Ethereum software company, raised $450M in a Series D funding round led by ParaFi Capital, with participation from Microsoft, Temasek, and SoftBank. The firm plans to convert all proceeds into ETH to strengthen its treasury. ļæ¼
š These moves signal growing institutional confidence in Ethereumās future, especially in DeFi and smart contracts.
šø With $ETH trading around $2,652, increased institutional adoption could drive demand and price, though volatility remains a risk.
š Keep an eye outāmore companies embracing $ETH could solidify its position as a blockchain leader.
#Ethereum #Crypto #Investments 0 reply
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