Ethereum News Today: SharpLink Boosts Ether Holdings to $1.91 Billion Through $264.5M Purchase

SharpLink, a digital asset investment firm, has increased its stake in Ether by acquiring an additional 83,562 ETH, valued at approximately $264.5 million, between July 28 and August 3. This purchase has raised the firm’s total Ethereum holdings to 521,939 ETH, currently valued at around $1.91 billion based on prevailing market prices [1]. The entire Ethereum portfolio is staked on the Ethereum proof-of-stake network, allowing the firm to collect ongoing rewards. To date, cumulative staking gains have totaled 929 ETH, equivalent to over $3.3 million [1].

The firm uses a key performance metric called ETH concentration, which reflects the amount of ETH held per share. Since its initial Ethereum investments, this metric has grown by 83%, reaching 3.66 [1]. This demonstrates a strategic focus on increasing Ether exposure per unit of investment, reinforcing its long-term belief in the asset’s value.

SharpLink now ranks second in Ether treasury holdings, following an aggressive accumulation strategy since June. This comes after its initial $463 million ETH purchase, which was once the largest public holding [1]. However, BitMine Immersion Technologies has recently surpassed SharpLink, amassing 833,137 ETH, valued at over $3 billion, following the addition of 208,137 ETH [1]. With Ether priced at approximately $3,700, BitMine ranks fourth in crypto treasury holdings, behind Strategy, MARA Holdings, and Twenty One Capital.

Other notable entities with large Ethereum holdings include Ether Machine, which holds 345,000 ETH ($1.27 billion), the Ethereum Foundation with 232,600 ETH ($855 million), and PulseChain with 166,300 ETH ($611 million) [1]. These figures underscore the growing institutional adoption of Ether as a strategic asset.

Meanwhile, SharpLink’s increased Ether holdings come amid a period of strong outflows from spot Ether ETFs. According to data from SoSoValue, Ethereum-based ETFs experienced a $465 million net outflow on Monday—the highest since their launch [1]. The iShares Ethereum Trust (ETHA) by BlackRock recorded the largest outflow of nearly $375 million, followed by the Fidelity Ethereum Fund (FETH) with $55.11 million [1].

The divergence between institutional accumulation and retail outflows highlights the complex dynamics in the Ethereum market. SharpLink’s continued investment in staked Ether reflects a confidence in long-term value generation, particularly through staking yields, which have already contributed over $3.3 million in rewards [1].

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[1] SharpLink Holds Nearly 2 Billion USD in Ether After $264.5M Purchase (https://coinmarketcap.com/community/articles/68921a0f525935385733e505/)