News: Ethereum has become the second-best performing 'wartime' asset globally since late February 2026, outperforming gold, Bitcoin, and the S&P 500. A 17% surge relative to equities has been observed, second only to energy stocks. This is attributed to a 30% staking rate reducing supply and its increasing reputation as a liquidity buffer. Wartime spending of $30-100 billion per month is a significant factor. Bitmine has added $133 million in ETH to its portfolio, bringing total holdings to over $9 billion.
AI Analysis: The data suggests a potential shift in investor perception of Ethereum, moving it beyond a purely 'risk-on' asset and positioning it as a store of value during geopolitical instability. Institutional investment further validates this trend.
