• Public companies accumulated nearly 95% of their Ethereum reserves between July and September 2025.
• Analysts predict Ethereum’s price could surge to $10,000 or higher by the end of the year due to growing institutional interest.
• With 40% of Ethereum’s supply locked in staking contracts, the market may be set for an “Ethereum supercycle.”

In recent months, public companies have been making an enormous number of Ethereum (ETH) purchases. The majority of the ETH reserves were accumulated by companies between July and September 2025. In recent data, this wave of corporate buying has pushed expectations for Ethereum’s price to spike over the next few months, with a handful of analysts suggesting that its price could double by the end of the year.

Bitwise Invest highlighted that 95% of ETH held by public companies was bought in the third quarter. Public companies had almost 4.63 million ETH on their balance sheets as of September 30, with the stash valued at nearly $19.13 billion. This accounts for about 4 percent of the total supply of ETH. Roughly 4 million ETH of that amount were added in Q3 alone.

Ethereum’s Price Outlook for Q4

The heightened corporate demand for Ethereum begs the question of how it would perform regarding price in Q4 2025. As a side note, the chart shows Q4 has generally been a poor quarter for ETH in recent years, lagging behind other quarters in performance. New market movements, like a big sell-off that sent Ethereum falling below $4,000.

Source: Coinglass

While some analysts are predicting a strong end to the year for ETH, despite the recent pullback in the market, BitMine Immersion Technologies is the largest public company with ETH, holding $3.03 million of it. Sharplink Gaming and The Ether Machine bring up the rear with 840,120 ETH and 496,710 ETH.

Also Read: Ethereum Price Prediction: Could Institutional Buying Drive Ethereum to $10K?

ETH bulls are banking on increased interest among institutions to push the price higher. BitMEX CEO Arthur Hayes and Tom Lee, chair at BitMine, have predicted ETH could hit $10,000 by the end of the year, with Lee putting on the table that it might have a above $12,000 price point.

Analysts Predict ETH’s Bullish Future

Sharplink Gaming co-CEO Joseph Chalom is particularly bullish on ETH. He thinks that ETH is the best choice for institutions because of its decentralization, security, and perpetually growing network. 

Other than that, there are other forces driving ETH bullish. Analysts point out that inflows to U.S.-based Ether ETFs are still active, and more significant amounts of ETH are being locked in staking contracts. Approximately 40% of ETH’ total supply is out of circulation, a development that could potentially prompt what he refers to as an ETH “supercycle,” according to Merlijn The Trader.

Michaël van de Poppe shared a similar sentiment regarding the beginning of the ETH versus Bitcoin cycle. He also noted that the current market reminds him of the start of the 2019 bull market. “There is much further upside to come still,” he added, making a case for ETH’s long-term growth prospects.

With growing institutional support and an increasingly short supply, some are bullish on the future. Assets listed on public markets are accumulating ETH, and institutional parties are joining the space too, meaning that the digital asset position in the crypto space is likely to grow significantly in 2025.

Also Read: Ethereum Price Rebounds, Could Bulls Push It to $7,000 Soon?