Ethereum News Today: SharpLink Becomes Second-Largest Corporate Ethereum Holder with $3.4 Billion Treasury

SharpLink Gaming, a major corporate entity in the digital asset space, has revealed that its Ethereum (ETH) treasury now totals 728,804 units, valued at approximately $3.4 billion at a price of $4,642 per ETH [1]. This positions the firm as the second-largest corporate holder of Ethereum, behind BitMine Immersion Technologies, which holds more than 1 million ETH.

According to Joseph Chalom, co-CEO of SharpLink Gaming, the company’s second-quarter treasury expansion marked a significant milestone. “We’ve raised significant capital and scaled our ETH holdings in a highly accretive manner,” he said, underscoring the strategic nature of the accumulation, which includes staking and partnerships [1]. The firm’s treasury expansion has been part of a broader effort to drive corporate adoption of digital assets and to position itself at the forefront of the evolving decentralized economy.

Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, highlighted the significance of SharpLink’s approach. He described Ethereum as the “trust layer” for the decentralized economy and noted that SharpLink’s aggressive accumulation, staking, and management of ETH sets it apart from other public companies [1]. Lubin emphasized that the firm is focused on building shareholder value through yield generation and disciplined capital deployment.

Earlier this month, SharpLink secured a $200 million investment from four global institutional investors, which will be used to further expand its Ethereum holdings [1]. The investment reflects growing institutional interest in digital assets and signals a shift toward integrating cryptocurrencies into mainstream corporate financial strategies. The firm aims to use the proceeds to strengthen its position as a top corporate ETH holder and to continue influencing the development of decentralized finance and technology.

The growing corporate demand for Ethereum reflects a broader trend of traditional financial and technology firms adopting digital assets as part of their long-term strategies. SharpLink’s accumulation of ETH, combined with its staking and capital management approach, demonstrates how public companies can leverage blockchain technology to create value for shareholders. As the firm continues to expand its treasury, it is likely to maintain a prominent role in the corporate digital asset landscape, further shaping the trajectory of Ethereum’s adoption in the global economy.

Source: [1] Ethereum Treasury Strategy – SharpLink (https://cryptobriefing.com/ethereum-treasury-strategy-sharplink/)