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largest corporate Ethereum holder
Key Points:* SharpLink raises $413 million to acquire Ethereum.
SharpLink Gaming, Inc. has secured approximately $413 million in net proceeds between July 7 and 11, with $156 million allocated to purchasing Ethereum (ETH). This acquisition elevates SharpLink as the largest corporate holder of Ethereum globally, with implications for future treasury models.
SharpLink Acquires 74,656 ETH, Shifts Treasury Strategies
SharpLink, raising $413 million, acquired 74,656 ETH, averaging $2,852 per coin. Their holdings now stand at 280,706 ETH, boosting market liquidity and corporate treasury practices.
Transformation in Ethereum strategy is crucial due to increased emphasis on staking, as 99.7% of ETH holdings are staked for possible yield enhancements.
Industry response remains subdued, but SharpLink’s strategy is noted for pushing traditional corporate boundaries, emphasizing staking utility and increased ETH concentration.
Ethereum Price Surge and Staking Implications
Did you know? SharpLink’s staking of 99.7% of its ETH holdings is an unprecedented move among corporate treasuries, positioning SharpLink at the forefront of institutional staking and setting a precedent for future adopters.
As of July 16, 2025, Ethereum’s price climbed to $3,155.41, with a market cap of approximately $380.90 billion. A 97.78% rise over three months is notable, highlighting Ethereum’s market role. This data is attributed to CoinMarketCap.
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