Ethereum News Today: SharpLink Gaming Surpasses Ethereum Foundation as Largest ETH Holder with 280,600 ETH

SharpLink Gaming has surpassed the Ethereum Foundation to become the largest corporate holder of Ethereum (ETH), with a reserve of 280,600 ETH valued at approximately $885.9 million. This positions SharpLink at the forefront of institutional Ethereum holders, with the company's ETH reserve now ranking highest among corporate entities. The Ethereum Foundation, which previously held the largest reserve, now has 241,500 ETH worth approximately $762.4 million, a decline of 6.91% from its previous holdings.

This shift in Ethereum holdings indicates a growing trend of institutional investment in the cryptocurrency. The top 10 firms now hold a combined total of 1.6 million ETH, valued at over $5 billion. This represents a significant increase in institutional positioning in Ethereum, with companies allocating ETH not only as a long-term store of value but also as a tool for blockchain participation.

Bit Digital recorded the highest 30-day increase in ETH holdings, growing by 264.20%. BTCS Inc. also saw a significant increase, with a 135.95% growth in holdings. However, Ethereum Name Service (ENS) experienced a 17.79% decrease in ETH reserves, indicating a shift in asset allocation among some corporate holders.

This trend demonstrates an evolving institutional landscape around Ethereum. Corporate holders are becoming more prominent and assertive in their accumulation, with reserves no longer limited to foundations and decentralized autonomous organizations (DAOs). This represents a structural change in Ethereum's market dynamics, as companies increasingly view ETH as a strategic asset for blockchain-centered strategies, including on-chain development and decentralized integrations.