Wall Street Embraces Ethereum; Presales Surge

Wall Street and Washington are increasingly gravitating toward Ethereum as a “truly neutral” chain, prompting firms like BitMine to pivot into an ETH treasury and accumulate 2.15 million ETH to become the largest corporate ETH holder. Corporations and some sovereigns are adding BTC, ETH and stablecoins to treasuries to hedge inflation, diversify currency exposure, gain 24/7 liquidity and boost sanctions resilience, with MicroStrategy’s BTC accumulation and U.S. policy proposals highlighting the trend. The debut of the first U.S. DOGE ETF has given Dogecoin an institutional boost, enlarging its investable capital and spurring developer discussion about on‑chain upgrades to enable L2‑style functionality. New layer‑1s such as Hyperliquid are pitching speed and low fees as trader-focused alternatives, while presales are again a headline theme in 2025—BlockDAG claims nearly $410 million raised and projects like Bitcoin Hyper, Tapzi and meme‑tech hybrids such as Layer Brett are drawing large sums. Investors now face a clear trade‑off between ETF‑backed, large‑cap or treasury‑held crypto with institutional access and high‑risk, high‑reward presales and emergent L1/L2s chasing rapid adoption.