Ethereum News Today: SharpLink Adds $53.9M ETH to Treasury, Holdings Reach $1.65B

SharpLink has added another $53.9 million in Ether (ETH) to its treasury, acquiring approximately 15,822 ETH in a series of transactions over recent hours. The largest single transfer amounted to 6,914 ETH, valued at $23.56 million, according to onchain data from Arkham Intelligence [1]. This latest purchase brings SharpLink’s total ETH holdings to 480,031 ETH, valued at around $1.65 billion at current prices, reinforcing its position as one of the most significant institutional buyers of the cryptocurrency [1].

The accumulation occurred over the past 48 hours, during which the firm spent $108.57 million in USDC to acquire 30,755 ETH at an average price of $3,530. SharpLink also purchased 11,259 ETH on Thursday for $43.09 million, reflecting a consistent buying strategy amid ongoing market volatility [1]. This approach, which emphasizes acquiring ETH during periods of perceived undervaluation, has drawn attention from traders and analysts as a potential signal of broader market sentiment.

The firm, which also operates under the name The Ether Machine, has demonstrated a disciplined and long-term-oriented approach to portfolio management. By prioritizing value retention over short-term price fluctuations, SharpLink’s accumulation strategy has the potential to act as a stabilizing force in the market, particularly during downward price movements [1]. The firm’s continued buying has been interpreted as a sign of confidence in Ethereum’s long-term viability and its recent transition to a proof-of-stake consensus mechanism.

Meanwhile, other corporate buyers have also been actively acquiring ETH. The Ether Machine, formed earlier this year through a merger with Nasdaq-listed Dynamix Corp., added $56.9 million in ETH to its treasury last week, bringing its total holdings to 334,757 ETH. This places the company among the top institutional ETH holders, now ranking third behind BitMine and SharpLink [1].

Industry observers note that Ethereum is increasingly being viewed as a critical infrastructure asset for the digital economy. NoOnes CEO Ray Youssef described the network as a “hybrid between tech equity and digital currency,” highlighting its utility, staking yields, and regulatory compatibility as key factors attracting forward-looking companies. Ethereum currently accounts for 58.1% of the $13.4 billion real-world asset market, a reflection of its growing influence in tokenized finance [1].

As corporate adoption of Ether accelerates, SharpLink’s actions serve as a prominent example of how institutional capital is reshaping the Ethereum market. With over $1.65 billion in ETH now under its management, the firm’s continued accumulation will remain a closely watched indicator of institutional sentiment and broader market dynamics in the Ethereum ecosystem [1].

Source:

[1] Cointelegraph – [https://cointelegraph.com/news/sharplink-buys-54m-eth-holdings-hit-1-65b](https://cointelegraph.com/news/sharplink-buys-54m-eth-holdings-hit-1-65b)