- BitMine’s Ethereum holdings have grown to 1.87 million ETH, valued at $8.15 billion, reinforcing its position as the largest Ethereum treasury.
- SharpLink’s latest acquisition adds $176.7 million in ETH, growing its holdings to over 837,000 ETH, now valued at $3.6 billion.
- Both companies emphasize Ethereum’s role in finance and staking yields, indicating a strong belief in the cryptocurrency’s future.
BitMine has significantly expanded its Ethereum holdings, making a $668 million purchase of 153,075 ETH. This acquisition boosts its total Ethereum reserve to 1,866,974 ETH, now worth around $8.15 billion. As a result, BitMine remains the largest corporate holder of Ethereum globally, cementing its position as a major player in the cryptocurrency space.
The new purchase comes after a recent $800 million addition, bringing the company’s total crypto and cash position to nearly $9 billion. Alongside Bitcoin and $635 million in liquid cash, BitMine’s strategy of aggressive accumulation continues to make waves in the market. This move also reinforces Ethereum’s growing prominence as a corporate asset, with BitMine now holding the second-largest crypto treasury, just behind MicroStrategy’s Bitcoin holdings.
Further evidence of the positive view of Ethereum that is taken by the company comes in a report issued by its chairman, Tom Lee, who compared the potential of Ethereum to the Wall Street revolution after 1971. Lee identifies Ethereum in finance and artificial intelligence as a critical factor in the formation of the world economy in the future. The involvement of major companies like ARK Invest, Kraken, and Galaxy Digital in institutional support has also played a central role in BitMine’s plans to grow its Ethereum treasury.
SharpLink added 176.7 million Ethereum into its reserves.
SharpLink, too, has reinforced its Ethereum status, purchasing 39,008 ETH at a cost of 176.7 million. This new acquisition has given SharpLink a total of 837,230 ETH, which is worth about 3.6 billion dollars at this point. In a show of the desire to expand its crypto portfolio, the company raised part of the funds via its at-the-market program.
Besides these purchases, SharpLink has made high returns on its staking, earning 2318 ETH in its Ethereum portfolio. Since June, Ethereum has nearly doubled the Ethereum concentration ratio of the company, indicating that the company still believes in the potential of Ethereum in the long term. SharpLink highlights the fact that Ethereum can accumulate staking rewards, making it better than just a passive treasury asset.
The rapid accumulation approach that SharpLink takes puts an emphasis on developing a strong base of long-term growth, using the benefits of Ethereum as both a store of value and a yield-generating tool.
