SharpLink Tops Ethereum Foundation With 321,000 ETH Stash

* SharpLink Gaming clinched top corporate spot with 321,000 ETH worth $68 million. * Institutional acquisitions push Ethereum toward widespread treasury adoption and spark 16% price surge. SharpLink Gaming (NASDAQ: SBET) has established itself as the largest corporate holder of Ethereum with its latest acquisition. According to a Cryptopolitan report on July 17, 2025, the company acquired 20,279 ETH, valued at approximately $68 million. This monumental purchase vaults SharpLink past the Ethereum Foundation in total ETH reserves. In May 2025, SharpLink adopted a bold Ethereum-focused treasury strategy, backed by a $425 million private placement led by Consensys. With Ethereum co-founder and Consensys CEO Joseph Lubin as chairman, the company fortified its alignment with the Ethereum ecosystem. Since then, SharpLink has steadily amassed Ethereum, reaching total holdings of 321,000 ETH by July 15. The company also actively stakes a substantial portion of this reserve through platforms like Figment and Liquid Collective. In the five trading days before the announcement, SharpLink’s aggressive Ethereum strategy coincided with a 113% surge in its stock price, signaling strong investor sentiment. Institutional platforms Coinbase Prime and Galaxy Digital orchestrated the transactions, highlighting the expanding avenues for corporate cryptocurrency purchases. SharpLink’s move reflects a broader institutional wave favoring Ethereum adoption. For example, GameSquare Holdings (NASDAQ: GAME) recently raised $70 million via public offering to expand its Ethereum treasury and aims for on-chain yields of 8–14%. Similarly, Bitmine Immersion Technologies (NASDAQ: BMNR) pivoted from Bitcoin mining to Ethereum accumulation, securing 163,000 ETH for its treasury. Tech billionaire Peter Thiel also embraced this trend by acquiring a 9.1% stake in Bitmine Immersion Technologies. This institutional pivot has created ripple effects across the market, as spot Ethereum ETFs saw record inflows in July, attracting $2.27 billion during the month and surpassing 5 million ETH in total holdings. The resulting demand propelled Ethereum’s price upward by over 16% in just five days. Consequently, this price action further cements Ethereum's role as a preferred treasury and yield-generating asset. According to the latest market data, Ethereum (ETH) traded at $3,406.34 as of July 17, 2025, at 16:15 UTC, while its 24-hour trading volume also increased by 4.9%.