Ethereum News Today: SharpLink Boosts ETH Holdings by $54M to $1.65B Amid Institutional Buying Surge

SharpLink has significantly expanded its Ethereum holdings, acquiring an additional $54 million in ETH over the past several hours, bringing its total ETH balance to 480,031 coins, valued at approximately $1.65 billion at current prices. The purchase was executed through multiple transactions, with the largest transfer consisting of 6,914 ETH worth $23.56 million, according to onchain data from Arkham Intelligence [2]. This follows a 48-hour buying spree in which the firm spent $108.57 million in USDC to acquire 30,755 ETH at an average price of $3,530 per coin. Earlier on Thursday, SharpLink spent $43.09 million to purchase 11,259 ETH at an average price of $3,828 [2].

The company’s aggressive accumulation strategy aligns with a broader trend of institutional interest in Ethereum as a foundational asset in the digital economy. The Ether Machine, another major institutional ETH holder, added 15,000 ETH to its treasury last week in a $56.9 million purchase, bringing its total holdings to 334,757 ETH. This places it as the third-largest corporate ETH holder, behind BitMine and SharpLink, according to StrategicETHReserve [2]. The Ether Machine, formed earlier this year through a merger with Nasdaq-listed Dynamix Corp., is planning an IPO under the ticker ETHM later this year and aims to raise $1.6 billion.

Ethereum’s appeal to corporate treasuries is rooted in its hybrid nature between a digital currency and a tech equity. NoOnes CEO Ray Youssef emphasized that Ethereum offers not just passive storage but also programmability, staking yields, and regulatory clarity, making it increasingly attractive to treasury strategists focused on utility [2]. The network currently hosts 58.1% of the $13.4 billion real-world asset market, including tokenized assets and stablecoins [2]. As institutional adoption grows, Ethereum is emerging as a key reserve asset for firms operating in tokenized finance.

The continued accumulation by entities such as SharpLink and The Ether Machine reflects a strategic shift in corporate treasury management, with Ethereum being viewed as essential infrastructure rather than just a speculative asset. This trend underscores the cryptocurrency’s growing role in the digital economy and its potential to serve as a foundational layer for future financial systems.

Source: [2] SharpLink Buys $54M in ETH, Holdings Reach $1.65B (https://cointelegraph.com/news/sharplink-buys-54m-eth-holdings-hit-1-65b)