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Analyst: Ethereum treasury company continues to buy, ETH demand remains strong.
On August 18, David Duong, Head of CEX Institutional Research, posted on social media stating, "The demand for ETH is not over. Since the beginning of August, leading ETH treasury reserve companies have accumulated over 795,000 ETH (approximately $3.6 billion), currently controlling more than 2% of the total ETH supply. At the same time, the newly raised $20 billion in funds by BMNR has increased its total purchasing power to $24.5 billion."