Corporate Treasuries Buy $2.1 Billion Ethereum In One Month: $SNORT to Surge Next?

Corporate treasuries are doubling down on Ethereum, with record-breaking investments pouring into $ETH, especially through spot ETFs. It’s a bold signal of long-term confidence in Ethereum as a strategic asset.

And with the altcoin supercycle gaining steam, breakout tokens like Snorter Bot ($SNORT) could be next in line to ride the wave.

The past month has seen Ethereum treasury companies accumulate around 600K $ETH – that’s more than $2.1B. Corporate treasuries now hold $5.33B in $ETH, as reported by Binance, with SharpLink Gaming (at 289K+) and BitMine in the lead.

Meanwhile, total ETF holdings have passed the 5M $ETH mark. On July 16 alone, a record-breaking $726.6M flowed into US spot ETFs. That far surpasses the previous daily record – $428M in December last year.

With a total of nine spot ETFs, according to CoinMarketCap figures, BlackRock’s iShares Ethereum Trust ETF (ETHA) is the leader of the pack, with a current AUM price of $7.23B. It accounted for $499M of Wednesday’s inflow, followed by Fidelity (FETH) contributing $113M.

Is $ETH Digital Gold 2.0?

Unsurprisingly, $ETH is on a tear, breaking past $3.6K as investors wake up to its long-term potential. Momentum is building, and it’s full steam ahead for Ethereum.

Will the rally hold? Many analysts think so. With ETF demand skyrocketing and Trump’s clash with Fed Chair Jerome Powell injecting fresh uncertainty into the markets, the conditions look primed for $ETH to keep climbing.

The bottom line, however, is that the $ETH price has seen a 46% spike over the past 30 days. Bitcoin, which has also been doing extremely well and hit a new ATH earlier this week, has seen a relatively small monthly increase of 14%.

$ETH leads. Will @SNORT follow?

As Ethereum enjoys its long-overdue time in the limelight, other altcoins are set to enjoy some of those rays. Especially considering, according to a Wintermute report, that this year has seen retail investors favor altcoins – particularly newer ones – over OGs like $BTC, $ETH, $XRP, and $USDT.

That goes for presale altcoins too – especially if they’re packed with utility. That’s why Snorter Token ($SNORT) is one to keep an eye on. It’s the native token of an innovative trading bot that will live on Telegram. And that’s pretty big news.

Never mind sub-second and low-fee (0.85%) trade execution from right inside a streamlined, chat-native interface. That’s the simple stuff. The automated tasks – like swaps and snipes to stop losses and copy trades – make this a powerful trading bot.

Holding $SNORT also means MEV protection, staking rewards, and cross-chain functionality thanks to the Portal Bridge.

Snorter Token is currently in presale, and investor interest in proving to be strong – more than $2M has already been raised. Utility and strong tokenomics are no doubt driving that. A full 25% of the 500M total token supply is allocated to product development. That’s a good sign right there.

$SNORT is set to launch on DEXs post-presale, which is likely to be no later than the end of October. So now’s the time to act if you want to get your hands on $SNORT at the early-bird price of $0.0985. That’s with an impressive 197% APY rewards if you stake it, by the way.

Remember, though, being a presale, the price will increase in stages. Staking rewards are also dynamic. Find out more about that in our comprehensive guide to buying $SNORT.

A Golden Era

Altcoins like $SNORT are bursting with potential as corporate treasuries and ETFs continue to validate the original altcoin king, $ETH. It’s a thrilling moment for crypto, especially if you’re betting on an intelligent little trading bot with significant upside.

That said, the market can turn on a dime. So always do your own research (DYOR) and stay sharp—smart investing starts with knowing the game.