Ethereum News Today: SharpLink, BitMine Push Ethereum Holdings as Stock Gains 60% on Month, Institutional Adoption Rises

SharpLink Gaming and BitMine have advanced their Ethereum (ETH)-focused treasury strategies, signaling a shift in institutional crypto adoption. SharpLink, a Nasdaq-listed firm that became the largest public holder of Ethereum in June 2025, reported a surge in its ETH reserves to 360,807 coins ($1.32 billion at current prices) by July 22. The company disclosed cumulative staking rewards of 567 ETH, funded through a combination of operating revenue and a $96.6 million at-the-market (ATM) share issuance over the past month [1]. This accumulation has coincided with a 60% monthly rise in SharpLink’s stock price and a 270% year-to-date increase, reflecting investor confidence in Ethereum’s role as both a staking asset and treasury reserve [2].

BitMine, a crypto mining and investment firm, launched options trading for its common stock on the New York Stock Exchange under ticker symbol BMNR on July 23. The move aims to enhance liquidity and provide investors with tools to hedge risk while supporting BitMine’s goal of acquiring 5% of the global ETH supply. The company’s strategy, backed by figures like Peter Thiel and Cathie Wood, underscores Ethereum’s growing institutional appeal [9]. Thomas “Tom” Lee of Fundstrat, BitMine’s board chairman, described the NYSE listing as a milestone, aligning with the firm’s ambition to become a top institutional ETH holder [1].

The momentum behind Ethereum-centric treasuries is fueled by regulatory clarity, including the GENIUS Act passed on July 18, which classified staking rewards as tax-deferred income. This legislative shift, coupled with Ethereum’s transition to proof-of-stake, has bolstered its attractiveness as a yield-bearing asset. Institutions are increasingly prioritizing ETH over Bitcoin for its staking capabilities, with spot ETH ETP inflows exceeding $5 billion in recent months [3]. SharpLink’s aggressive accumulation strategy—adding 79,949 ETH in July to reach 360,807 total holdings—highlights the asset’s dual role as both a reserve and a strategic investment vehicle [7].

Despite this optimism, risks persist. Critics caution that heavy ETH exposure could expose companies to price volatility or regulatory scrutiny of staking infrastructure. SharpLink’s reliance on ATM facilities to fund its ETH purchases also raises concerns about potential equity dilution [1]. However, proponents argue that the diversification of institutional portfolios into layer-1 ecosystems like Ethereum is inevitable, given its technological upgrades and maturing market infrastructure [8].

The coordinated efforts of SharpLink and BitMine reflect a broader trend of public companies re-evaluating their crypto allocations. While Bitcoin remains a dominant narrative, Ethereum’s staking yields and regulatory clarity position it as a critical asset for institutional treasuries. Analysts suggest this trend is structural, with Ethereum’s institutional adoption likely to accelerate amid continued inflows and corporate commitments [3].

Source: [1] [SharpLink stock rises as ETH holdings surge 29% in one week](https://www.investing.com/news/stock-market-news/sharplink-stock-rises-as-eth-holdings-surge-29-in-one-week-93CH-4145815)

[2] [Analysts Recommend Ethereum (ETH) And This New Crypto Coin](https://www.msn.com/en-us/money/other/analysts-recommend-ethereum-eth-and-this-new-crypto-coin-as-sharplink-gaming-buys-270000-eth/ar-AA1IGOYC)

[3] [Ethereum Treasury Company Trend 'Will Accelerate'](https://www.inkl.com/news/ethereum-treasury-company-trend-will-accelerate-says-bitwise-s-matt-hougan-here-s-what-it-means-for-eth-s-price)

[7] [JPMorgan Eyes Crypto Loans as Stablecoin Race Heats Up](https://bitcoinist.com/jp-morgan-eyes-crypto-loans-bitcoin-hyper-gains/)

[9] [Peter Thiel And Cathie Wood Just Boarded Tom Lee's Ether Rocket](https://www.inkl.com/news/peter-thiel-and-cathie-wood-just-boarded-tom-lee-s-ether-rocket)