Sharplink Secures $259M in Ethereum, Regains Title as Leading Public ETH Holder

2025-07-22 23:30
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Sharplink Secures $259M in Ethereum, Regains Title as Leading Public ETH Holder

출처: Block Media

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# Sharplink Gaming Reclaims Crown as Largest Public Ethereum Holder with Landmark Acquisition

Sharplink Gaming, a leading sports betting platform, has made headlines by executing one of the largest Ethereum (ETH) purchases in history. The bold acquisition catapults the company back into the spotlight as the world’s largest publicly traded Ethereum holder, solidifying its dominance in the cryptocurrency market.

As reported by Cointelegraph on October 22, Sharplink disclosed a remarkable purchase of 79,949 ETH, finalized last Sunday. This single transaction represents the company's largest procurement of Ethereum to date. The acquisition was made at an average price of approximately $3,238 per ETH, amounting to an impressive $258.9 million in total investment.

This blockbuster purchase comes on the heels of another significant transaction, where Sharplink added $49 million worth of ETH to its portfolio earlier last week. Following these strategic moves, the company’s Ethereum holdings now stand at an unrivaled total of 360,807 ETH. Based on current market prices, these holdings are estimated to be worth a staggering $1.3 billion.

# Public Companies Compete for Ethereum Supremacy

The timing of Sharplink’s acquisition reflects the rapidly intensifying competition among publicly traded entities vying for dominance in Ethereum reserves. The rivalry is particularly evident between Sharplink Gaming and its closest competitor, BitMine Immersion.

BitMine, the blockchain infrastructure company, garnered attention in July after boosting its Ethereum portfolio to 300,657 ETH as of July 18. This accumulation was largely funded by a $250 million private equity round completed on June 30. At the time, BitMine’s Ethereum holdings were valued at over $1 billion, giving it a significant edge over Sharplink.

However, Sharplink faced a brief setback last week when its ETH reserves dipped to 280,706, temporarily losing its leading position to BitMine. The latest massive acquisition has not only reclaimed Sharplink’s throne as the top Ethereum-holding public company but also significantly widened the gap in reserve sizes.

# Market Impacts and Future Trends in Ethereum Investment

Cryptocurrency industry analysts are closely observing this competitive dynamic, highlighting its potential long-term implications for Ethereum and the broader crypto space. Public corporations are increasingly viewing Ethereum as a strategic asset, leading to intensified accumulation efforts and a noticeable shift in institutional investment behavior.

This growing demand, coupled with expectations of Ethereum price appreciation, raises serious concerns about a potential supply crunch in the future. Should this trend persist, the mounting scarcity of Ethereum could drive prices higher, affirming its status as one of the most valuable assets in both cryptocurrency portfolios and traditional financial markets.

As institutional investors and corporations deepen their interest in Ethereum, the coming months will likely provide greater clarity on whether this accumulation race will continue. The ripple effects of this trend could reshape the cryptocurrency landscape, influencing Ethereum’s price trajectory and solidifying its role in global financial ecosystems.


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