Ethereum News Today: SharpLink Gaming Becomes Largest Corporate ETH Holder With $343.38 Million Purchase

SharpLink Gaming, an online performance marketing company based in Minneapolis, has made significant strides in its Ethereum (ETH) holdings. On Thursday, the company purchased an additional 20,279 ETH, valued at $68.38 million. This acquisition follows a previous purchase of 6,377 ETH worth $19.6 million made just a day prior.

Over the past eight days, SharpLink has accumulated a total of 111,609 ETH, with a combined value of $343.38 million. The company began its Ethereum purchasing spree just over a month ago and has allocated 99.7% of its ETH holdings to staking protocols.

SharpLink's aggressive accumulation strategy has positioned it as the largest corporate holder of ETH, surpassing the Ethereum Foundation. The company's significant purchases include 9,425 ETH worth $31.88 million and an additional 10,854 ETH worth $36.5 million, all within a span of a few hours on Thursday.

According to a press release, SharpLink purchased 74,656 ETH between July 7 and July 13, 2025, solidifying its status as the world’s largest corporate holder of ETH. This move underscores a new phase of Ethereum adoption among institutions, highlighting the growing perception of ETH as a long-term strategic asset.

The company's aggressive accumulation of ETH signals a shift in how institutions value digital assets, with Ethereum emerging as a yield-generating infrastructure play. This perception is further supported by the significant surge in ETH's value, which has risen over 8% to $3,421 in the past 24 hours, and climbed 21.5% in the past week.

SharpLink's strategic pivot towards Ethereum has also had a notable impact on its stock performance. Sharplink Gaming Inc (SBET) stock rose 29.03% on Thursday, reflecting the rising institutional interest in ETH. The stock has seen a roughly six-fold increase since the company's ETH treasury pivot several weeks ago.

In a post on X, the company stated that Ethereum "is the base layer of the future global economy," emphasizing its long-term commitment to the cryptocurrency. This strategic move by SharpLink not only positions the company as a leader in the digital asset space but also sets a precedent for other institutions considering similar investments.