SharpLink's Ethereum Holdings Reach ¥470 Billion, Lagging Behind Bitmain
SharpLink Gaming increased its ETH reserves to nearly 800,000 tokens valued at $3.7 billion, strengthening its position as the second-largest corporate Ethereum holder while targeting a 1 million ETH milestone.
SharpLink Gaming added 55,463 ETH at an average price of $4,462 last week, bringing its total holdings to 797,704 ETH worth about $3.7 billion. The company raised $360.9 million through its at-the-money facility to fund purchases and reported 1,799 ETH in staking rewards. With nearly 0.61% of the total Ethereum supply, SharpLink ranks second among public firms, behind BitMine Immersion’s $7.7 billion in holdings. Co-CEO Joseph Shalom emphasized long-term value creation for shareholders and support of the Ethereum ecosystem. The company aims to reach 1 million ETH, a milestone already 79% complete, while maintaining $200 million in cash reserves for further acquisitions.
- Ethereum: A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps) to be built and operated without downtime or fraud control.
- ETH: The native cryptocurrency of the Ethereum blockchain, used to pay for transactions and computational services on the network.