SharpLink Gaming and The Ether Machine have significantly expanded their cryptocurrency holdings, acquiring over $162 million worth of Ethereum (ETH). This substantial purchase underscores growing corporate confidence in Ethereum as a strategic financial asset.
SharpLink Gaming executed the largest transactions, acquiring a total of 15,822 ETH valued at $53.9 million. This included a notable single transfer of 6,914 ETH worth approximately $23.56 million. These additions bring SharpLink’s total Ethereum holdings to 480,031 ETH, with an estimated value of $1.65 billion.
The Ether Machine holds a significant position as well, currently possessing 334,757 ETH worth about $1.27 billion. Industry analysts note a clear shift in corporate strategy, interpreting these acquisitions as evidence that established firms increasingly view Ethereum not merely as a technological asset, but as a viable treasury reserve.
This trend is broad: data firm StrategicETHReserve reports a total of 63 organizations collectively holding over 2.74 million ETH, representing a combined value of $9.71 billion. The evolving corporate use of Ethereum highlights its expanding role in institutional financial strategies beyond pure technological applications.