SharpLink has emerged as the largest enterprise holder of Ethereum, with $413 million raised and $156 million invested in ETH, reflecting institutional adoption.
SharpLink has officially become the largest corporate holder of Ethereum, accumulating a total of 280,706 ETH worth approximately $867 million. The company raised around $413 million through an ATM program, investing $156 million in ETH and retaining $257 million for future acquisitions. Between July 7 and July 13, SharpLink purchased approximately 74,656 ETH at an average price of $2,852. Currently, about 99.7% of its ETH is staked, generating returns, while ETH concentration has increased by 23% since June 13.