SharpLink now holds 280K ETH, flips Ethereum Foundation’s 241K stash: Will this change things?
2025-07-16 13:36:07
Main Idea
SharpLink Gaming has become the largest corporate holder of ETH with 280,706 ETH, surpassing the Ethereum Foundation, and analysts like Tom Lee project a potential ETH breakout above $4K due to growing demand and market trends.
Key Points
1. SharpLink Gaming holds 280,706 ETH, surpassing the Ethereum Foundation's 241K ETH, making it the largest corporate ETH holder.
2. SharpLink raised $413 million by selling shares and purchased 74,656 ETH at an average price of $2,852, with $257 million still to be deployed.
3. Tom Lee projects ETH could break out above $4K, driven by stablecoin growth, tokenization trends, and expected Fed rate cuts in 2025.
4. SharpLink staked 99.7% of its ETH holdings, earning additional ETH, and has an unrealized profit of $153 million.
5. Market analysts suggest bullish momentum for ETH, with a potential surge to $4K by late 2025, though options traders currently price lower short-term odds.
Description
Tom Lee projected a potential ETH breakout above $4K.
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