- •3.9M ETH acquired by ETH Reserve in just 2.5 months
- •Matches 4 years’ worth of ETH supply inflation
- •Signals strong institutional confidence in Ethereum
In just the past 2.5 months, the Strategic ETH Reserve has acquired an astonishing 3.9 million ETH—nearly the exact amount of Ethereum that has been issued over the last four years (3.89 million ETH). This rapid accumulation is a major signal of growing institutional confidence in Ethereum’s long-term value.
For context, Ethereum’s supply dynamics have shifted drastically since the introduction of EIP-1559 and the move to Proof-of-Stake (PoS). ETH issuance has slowed significantly, and much of the newly minted ETH is either burned through fees or locked up in staking contracts. Now, with this sudden and aggressive acquisition, a major portion of the available ETH supply is effectively off the market.
What Does This Mean for Ethereum’s Future?
The Strategic ETH Reserve locking away 3.9 million ETH in such a short time sends a clear message: powerful players believe in Ethereum’s future.
This isn’t just speculation—it’s a sign of structural accumulation. Whether for staking, long-term holding, or strategic deployment, the move tightens the available supply dramatically. When supply shrinks and demand stays steady or increases, price usually follows upward.
This kind of large-scale accumulation could act as a price floor in the coming months, especially with the market gearing up for another cycle. Ethereum’s utility, expanding ecosystem, and upcoming upgrades continue to attract not only retail users but also deep‑pocketed institutions.
In the last 4 years, $ETH supply has inflated by 3.89M ETH.
— Etheraider (@etheraider) September 29, 2025
In the last 2.5 months, the Strategic ETH Reserve has acquired 3.9M ETH.
4 years of issuance locked up in a little over 2 months.
No one is bullish enough. $ETHpic.twitter.com/Xznd4fko7B
Are We Underestimating Ethereum?
Despite the bullishness of this move, the market reaction has been relatively muted. This might suggest that broader sentiment is still catching up to the reality of what’s happening on-chain.
If 4 years of supply inflation can be absorbed in just 10 weeks, the implications are massive. It shows how quickly available ETH can be scooped up—and how unprepared the market might be for a true supply squeeze.
Ethereum may be underpriced, and the Strategic Reserve’s actions could be a hint of what’s to come.