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Who are the companies that invest in Ethereum: IBM, Reddit, Amazon… The list is getting longer

By kazandiran | Kazandiran | 3 May 2020

When the prices were at the bottom, not only individuals but large companies also collected Ethereum. Who is not among the companies that invest in

Ethereum. Why are big companies collecting Ethereum?

Who is not among the companies that invest in Ethereum
According to the analyzes of Glassnode, which does blockhain analysis, there has been a serious increase in the number of addresses having 0.1 to 100 Ethereums in recent months. Considering the low number of Ethereum owned by these accounts, we can think that these accounts belong to individual accounts.

Features There is a serious increase in the number of addresses with ETH balance of 32 and above. The number of 32 ETH is an important figure. Because miners (or validators) who want to mining in Ethereum 2.0 must deposit at least 32 ETH into the system.



However, the interesting thing is that addresses with high balances are also collecting Ethereum. Canadian Professor Adam Cochran and his team conducted an extensive analysis on the Ethereum blockchain network. Striking findings from the report draw attention. The professor claims that the accounts that collect large amounts of Ethereum are linked to large businesses. These businesses: JP Morgan, Chase, Reddit, IBM, Microsoft, Amazon and Walmart.


Why should these companies buy Ethereum?

The answer to the above question is about Ethereum 2.0. These companies also want to control the nodes in the Ethereum blockchain network and want to become validators.

Ethereum blockchain network meets the needs of businesses in smart contracts, blockchain-based applications (Dapps) and tokenization process. It is known that businesses like Walmart have started using the blockchain system in their supply chain. The reason for the large enterprises Ethereum collection is due to the solution suggestions that Ethereum blockchain brings to real economic problems.



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