RATE Group | Analysis: Ethereum is being bought by IBM, Microsoft, other Fortune 500 companies
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Analysis: Ethereum is being bought by IBM, Microsoft, other Fortune 500 companies

03 May Analysis: Ethereum is being bought by IBM, Microsoft, other Fortune 500 companies

Posted at 01:06h in Cryptocurrency News by

Over the past few weeks, it has been clear as day that retail investors — people like you or myself — have been accumulating Bitcoin, Ethereum, and other cryptocurrencies.

We have reported within the past days that the active users of both Bitcoin and Ethereum have started to rocket, despite March’s crash.

Simultaneously, data from blockchain analysis startup Glassnode has found that the number of addresses holding 0.1 to 100 ETH and 0.01 to 1 BTC — addresses affiliated with retail investors — has grown dramatically over the past two months.

Bitcoin accumulation
Chart from Rafael Schultze-Kraft of Glassnode

It’s a trend indicating that retail investors are buying the dip in the cryptocurrency market, accentuated by BTC’s 20 percent performance just the other day that was largely predicated on strong buying volume from Coinbase, Binance, and other retail exchanges.

But according to a new analysis, some massive institutions — like recognizable names like IBM Blockchain and Microsoft — are…

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