Ethereum’s 10th anniversary was marked by a significant milestone in terms of institutional crypto adoption, as cryptocurrency treasury firms surpassed $100 billion in collective investments on Thursday.

Corporate cryptocurrency treasuries are emerging as a new class of public companies bridging traditional finance and digital assets, signaling increasing institutional interest in crypto.

Ethereum's 10th birthday brought renewed corporate interest in Ether (ETH), which saw the 10 largest corporate crypto treasury firms amass over 1% of the total Ether supply since beginning of June, according to a report by Standard Chartered.

Bitcoin (BTC) treasury firms hold the lion’s share, with over 791,662 BTC worth about $93 billion on their books, representing 3.98% of the circulating supply.

The company predicted that corporations will eventually hold 10% of the total Ether supply, which may see the world’s second-largest cryptocurrency surpass the company’s year-end target price of $4,000 per Ether.

Corporate buyers are becoming a key source of Ether liquidity alongside US spot ETH exchange-traded funds, which recently posted 19 consecutive days of net inflows, a record for the products.

Ether’s corporate adoption is “happening faster than with Bitcoin during its early treasury adoption phase,” since Ether enables corporations to tap into staking yields and “actively generate value,” Enmanuel Cardozo, market analyst at Brickken asset tokenization platform, told Cointelegraph.

Increasingly more Bitcoin mining companies are considering altcoins as part of their balance sheet, signaling more institutional demand for cryptocurrencies beyond Bitcoin.

Japanese investment firm Metaplanet is seeking to raise 555 billion yen ($3.73 billion) through a new stock offering to support its aggressive Bitcoin accumulation strategy. Metaplanet’s stock offering comes a day after Cointelegraph reported corporate crypto treasury firms had surpassed $100 billion in collective investments, with Bitcoin-focused treasuries amassing $93 billion worth of that value.