SharpLink now holds 280K ETH, flips Ethereum Foundation’s 241K stash: Will this change things?

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.