Multiple publicly listed companies in the United States are significantly increasing their holdings of ETH as they compete in the new track of reserve assets.

Wall Street is witnessing an intense competition, with several publicly traded companies vying to become "Ethereum version reserve asset holders." Driven by several key figures in the industry, a number of U.S. publicly traded companies, including SharpLink Gaming, Bitmine, and the newly joined The Ether Machine, are significantly increasing their holdings of ETH as a strategic reserve asset.

This trend has received support from key figures in the Ethereum ecosystem, who believe that this approach helps enhance Ethereum's market position. Meanwhile, some Wall Street analysts have also expressed recognition of this trend, believing that it may indicate a positive shift in institutional investors' attitudes towards cryptocurrencies, especially Ethereum.

The actions of these companies increasing their holdings of ETH are interpreted by the market as recognition of the long-term value of Ethereum. They view ETH not just as a trading tool but as a strategic asset that can be held for the long term. This practice is somewhat similar to the strategy of some companies holding Bitcoin as a reserve asset, but the focus has shifted to Ethereum.

As more and more listed companies join this trend, market attention towards Ethereum is increasing. Analysts point out that if this trend continues, it could have a positive impact on the price and market position of ETH. However, there are also voices reminding investors to be aware of the associated risks, as the volatility of the cryptocurrency market remains high.

Overall, this "Ethereum version of reserve assets" competition is becoming a new focal point in the cryptocurrency market, reflecting the growing confidence of institutional investors in the future development prospects of Ethereum.