SharpLink Becomes Major Ethereum Holder With $1.6 Billion in ETH

SharpLink, the crypto-forward firm led by Ethereum co-founder Joseph Lubin, has solidified its position as one of the largest corporate holders of Ethereum (ETH). With the recent acquisition of over 77,000 ETH, the company’s total holdings now surpass 438,000 ETH, valued at more than $1.6 billion.

SharpLink Buys 77,209 ETH Amid Strategic Treasury Shift

In a decisive move aligning with its crypto treasury-first strategy, SharpLink added 77,209 ETH last week alone. This latest purchase underscores the firm’s growing conviction in Ethereum’s long-term utility and market potential.

This acquisition reflects a broader corporate pivot to digital assets as core balance sheet holdings.

With Ethereum trading near $3,850, the newly acquired ETH adds roughly $297 million in value, making it one of the largest weekly corporate Ethereum buys on record.

Ethereum Treasury Strategy Accelerates

SharpLink’s ETH buying spree follows the emerging trend of corporations accumulating crypto assets directly, rather than through ETFs. The company began repositioning its treasury earlier this year, focusing heavily on Ethereum for its staking rewards, DeFi utility, and market upside.

Ethereum offers yield generation (currently near 3%) and access to decentralized finance, giving it unique advantages over traditional treasury assets.

By surpassing 438,000 ETH in total holdings, SharpLink now ranks just behind BitMine in the corporate Ethereum treasury leaderboard. Analysts expect more companies to follow suit, especially with growing institutional clarity around Ethereum’s legal and financial treatment.

$279M Raised in Equity — Fuel for Future ETH Buys?

To support its ETH-focused strategy, SharpLink also raised $279 million through its at-the-market (ATM) equity program during the same period. This funding not only strengthened its balance sheet but may also signal future ETH purchases, positioning the firm to potentially cross 500,000 ETH in holdings in the coming months.

The firm’s aggressive capital raise points to continued ETH accumulation as a key part of its long-term strategy.

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Corporate ETH Holdings Poised to Grow

SharpLink’s moves come amid a wider wave of corporate adoption of Ethereum as a strategic reserve asset. According to recent estimates, Ethereum treasury firms now hold over 1.26 million ETH, representing nearly 1% of ETH in circulation.

Standard Chartered recently forecasted that corporate ETH holdings could grow tenfold, eventually reaching 10% of the total supply — a massive shift that could drive long-term price support.

If this trend accelerates, corporate demand could remove millions of ETH from circulation, tightening supply and amplifying Ethereum’s market performance.

Ethereum Outlook Remains Bullish

With SharpLink’s latest acquisition and consistent ETF inflows, Ethereum is increasingly seen as a preferred asset among institutions and corporate treasuries. The ETH/BTC ratio continues to climb, reflecting stronger demand for Ethereum relative to Bitcoin.

SharpLink’s bold ETH strategy reflects growing corporate conviction in Ethereum’s future — not just as a tech platform, but as a reserve-grade asset.

As Ethereum approaches the key $4,000 resistance, all eyes are on how continued treasury demand might drive the next leg of this rally.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.