An interesting phenomenon has emerged on the Ethereum blockchain. The total strategic reserves have accumulated to 6,812,800 ETH, with a market value exceeding $21.2 billion, accounting for 5.642% of the circulating supply. What are the major institutions quietly doing behind this number?

This is not a retail game. Data shows that institutional holdings are continuously increasing. Compared to a few years ago, Ethereum is no longer just a pure ecosystem fuel token; now it functions more like a strategic asset allocation tool for major players.

Why should we pay attention to this? First, it’s a long-term signal. Large funds are willing to hold positions, indicating expectations for the value and growth potential of the Ethereum ecosystem. Second, the supply side is changing. Circulating supply is being locked up continuously, market liquidity is tightening, and the supply-demand relationship is being rewritten. Third, historically, significant institutional entry often marks a key point in market trend brewing.

The 5.6% share might just be the beginning. If this number continues to rise in the future, and there are substantial breakthroughs in the application side of the Ethereum ecosystem, the potential for revaluation is indeed worth anticipating. But the premise is to hold steadily—being shaken out before takeoff also carries risks. Time will prove everything.