Hayes recently took to X to predict ETH will eventually reach $10,000—a level that would mark a dramatic surge from current prices.

The timing of Hayes’ projection aligns with a noticeable shift in how institutions view Ethereum. Once seen primarily as a programmable blockchain, ETH is now emerging as a core treasury asset, increasingly used to diversify corporate balance sheets.

GameSquare, a Nasdaq-listed firm, recently committed to a $100 million Ethereum treasury strategy, kicking it off with an $8 million capital raise through a public offering. The funds will go toward accumulating ETH and deploying it across the Ethereum ecosystem for yield-generating opportunities.

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SharpLink Gaming has gone even further, now holding over 205,000 ETH—solidifying its status as the largest publicly traded Ethereum holder. Its aggressive accumulation strategy signals growing confidence in ETH’s role not just as a technology layer, but as a financial reserve.

For Hayes, this expanding institutional presence is a key factor behind his bullish outlook. As more companies shift capital from traditional assets into Ethereum, the pressure on supply could set the stage for a major price breakout.

The post Ethereum’s Rise as a Treasury Asset Fuels $10K Price Prediction appeared first on Coindoo.

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Filed under: Bitcoin - @ July 10, 2025 5:30 pm