SharpLink and BitMine are rapidly expanding their Ethereum holdings through large-scale accumulation, mirroring corporate treasury strategies typically associated with Bitcoin and potentially tightening ETH supply amid rising institutional interest.
SharpLink recently acquired 360,807 ETH worth approximately $145 million pending transaction finalization, while BitMine holds 566,776 ETH valued at $2 billion. These acquisitions position BitMine as the largest known corporate holder of Ethereum.
This accumulation pattern draws parallels to MicroStrategy’s Bitcoin strategy, significantly reducing ETH liquidity on exchanges and potentially impacting price action. Market analysts suggest diminished availability could drive ETH toward the $4,000 resistance level.
Leadership teams featuring former BlackRock executives and Ethereum co-founders underscore growing institutional confidence in ETH’s long-term value proposition. SharpLink’s recent transfer of $145 million in USDC further signals ongoing accumulation intentions, reinforcing the strategic approach.
The scale of these purchases intensifies scrutiny on Ethereum’s circulating supply dynamics and highlights escalating institutional adoption patterns within digital asset markets.