SharpLink Becomes Largest Corporate Holder Of Ether With 280,706 ETH, Usurping Ethereum Foundation

Key Points

1. SharpLink purchased 74,656 ETH between July 7 and July 11 for $156 million at an average price of $2,852.

2. SharpLink's total ETH holdings are now valued at approximately $846 million based on a market price of around $3,000.

3. The Ethereum Foundation holds roughly 196,354 ETH, valued at around $596 million, making SharpLink the largest known corporate ETH holder.

4. SharpLink's recent private placement of $425 million was led by Consensys, onboarding Ethereum co-founder Joseph Lubin as chairman.

5. SharpLink's exposure metric increased to 2.46 ETH per 1,000 diluted shares outstanding as of July 13, a 23% rise from the previous month.