- SharpLink now holds over $1B in Ethereum after fresh 20,279 ETH buy, confirming its role as the top corporate ETH holder worldwide.
- Ethereum’s growing use by firms like Bit Digital and SharpLink shows rising trust in ETH as a long-term financial infrastructure asset.
- Joseph Lubin backs SharpLink’s ETH push, calling it a powerful example of how companies can fully align with Ethereum’s core mission.
SharpLink Gaming has accumulated over $1 billion worth of Ethereum in its corporate treasury. On Wednesday, July 17, the sportsbook marketing firm acquired an additional 20,279 ETH, taking its total stash to 307,362 ETH. This move further solidifies SharpLink’s position as the world’s largest corporate Ethereum holder. Arkham Insights confirmed the activity, while on-chain data shows part of the ETH came from Galaxy Digital and Coinbase.
This isn’t SharpLink’s first large-scale buy. On July 11, it announced a $90 million ETH purchase involving 31,487 tokens. The firm acquired 10,000 ETH from the Ethereum Foundation and secured another 21,487 through OTC trades on Coinbase Prime. Moreover, between June 28 and July 4, SharpLink quietly picked up 7,689 ETH for $2,501 per coin.
Ethereum Takes the Spotlight in Treasury Strategy
Besides SharpLink, other firms are following suit. Bit Digital recently sold 280 Bitcoin to buy over 100,000 ETH, signaling a shift in focus. Several major institutions—including BlackRock, PayPal, and Franklin Templeton—are also building on Ethereum.
Additionally, Ethereum hosts over $7 billion in tokenized real-world assets, such as U.S. Treasuries and equities. This aligns with a rising expectation that the SEC may soon approve staking-enabled ETH ETFs. Such approval would boost Ethereum’s role as an income-generating digital asset.
Consensys Founder Backs SharpLink’s Vision
Ethereum co-founder Joseph Lubin strongly supports SharpLink’s Ethereum integration. After leading a $425 million raise for the firm in June, Lubin has now become its chairman. He praised the company’s ETH accumulation as a long-term commitment to decentralization and protocol-native finance. Lubin also said this model could help redefine how purpose-driven companies align with Ethereum’s ecosystem.
