SharpLink Adds Another 20,279 ETH, Surpasses Ethereum Foundation
2025-07-17 08:32:30
Main Idea
SharpLink Gaming has become the largest corporate holder of Ethereum (ETH) after accumulating 111,609 ETH in 8 days, surpassing the Ethereum Foundation, signaling strong institutional adoption of ETH.
Key Points
1. SharpLink Gaming purchased an additional 20,279 ETH worth $68.38 million, bringing its total accumulation to 111,609 ETH in 8 days.
2. The company has surpassed the Ethereum Foundation as the largest corporate ETH holder, with 99.7% of its treasury allocated to ETH.
3. Ethereum's price surged over 8% in 24 hours and 21.5% in the past week, trading at $3,422 at press time.
4. SharpLink's aggressive ETH accumulation strategy reflects institutional confidence in ETH as a long-term asset.
5. SharpLink Gaming Inc (SBET) stock rose 29.03% on Thursday, indicating rising institutional interest in ETH.
Description
SharpLink Gaming has bought another 20,279 Ethereum (ETH) on Thursday, worth $68.38 million, per Lookonchain data. This comes a day after adding 6,377 ETH worth $19.6 million. According to Lookonchain, SharpLink has accumulated 111,609 ETH in the past 8 days, valuing $343.38 million. SharpLink( @SharpLinkGaming ) bought another 20,279 $ETH ($68.38M) in the past 5 hours. In the past 8 days, they've accumulated 111,609 $ETH ($343.38M). https://t.co/721WEllbX6 pic.twitter.com/wOKFVH592A — Lookoncha...
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