SharpLink Becomes Top ETH Holder with 321,000 Coins, Surpassing the Ethereum Foundation

Highlights:

• SharpLink bought 111,609 ETH in eight days, raising its total holdings to over 321,000 coins.
• The firm moved nearly all its Ethereum to staking platforms using services like Figment and Liquid Collective.
• SharpLink’s stock jumped 113% in five days following its continued Ethereum acquisition strategy.

SharpLink Gaming continued its Ethereum buying streak on Thursday by acquiring 20,279 ETH worth $68.38 million, according to Lookonchain data. This purchase followed another transaction made the previous day, where the firm bought 6,377 ETH for $19.6 million. In just eight days, SharpLink has added 111,609 ETH to its treasury, pushing its total holdings above 321,000 ETH. These purchases indicate a steady accumulation strategy that began in late May.

SharpLink(@SharpLinkGaming) bought another 20,279 $ETH($68.38M) in the past 5 hours.

In the past 8 days, they've accumulated 111,609 $ETH($343.38M).https://t.co/721WEllbX6 pic.twitter.com/wOKFVH592A

— Lookonchain (@lookonchain) July 17, 2025

The company carried out two major transactions within a few hours. It first acquired 9,425 ETH valued at $31.88 million, then added another 10,854 ETH worth $36.5 million. Data shows that the company sourced the ETH from Galaxy Digital and Coinbase Prime. The firm then moved 3,200 ETH to Figment’s non-custodial staking platform and sent 10,854 ETH to the Liquid Collective network.

Since it started purchasing Ethereum, SharpLink has continued to allocate most of its holdings to staking platforms. The business has now staked 99.7% of its ETH in diverse staking pools. The company hopes to capitalize on its digital asset treasury as much as possible.

Firm Surpasses Ethereum Foundation as Top Corporate ETH Holder

SharpLink confirmed it had acquired 74,656 ETH between July 7 and July 13. This move helped the firm surpass the Ethereum Foundation to become the largest corporate holder of ETH. A report from EmberCN revealed that SharpLink’s ETH holdings now total over 321,000 coins.

Data from Arkham Intelligence shows how the company has executed large purchases through key crypto institutions. The ETH added on Wednesday came from Galaxy Digital and Coinbase Prime. The consistent pattern of buying and staking confirms the company’s strategic approach. Each transaction has followed a similar model: acquisition followed by immediate transfer to a staking platform.

The Ethereum strategy began shortly after SharpLink received a $425 million private placement from Consensys, a blockchain development company. Meanwhile, Joseph Lubin, the CEO of Consensys, assumed the role of chairman at SharpLink. These developments signal the company’s shift toward an Ethereum-focused business model. SharpLink believes Ethereum is the base layer of the future global economy. The company’s rapid rise in ETH holdings has now placed it ahead of any other known corporate holder.

Stock and Market React as Ethereum Price Rises

The market performance of ETH has shown strong momentum as the crypto market continues to rally. The asset gained over 9.03% in the last 24 hours and is trading at $3,439. The trading volume is up 37.36% to $54.13 billion. Meanwhile, the market cap stands at $415.18 billion. Ethereum has climbed 23% over the past week and 34% in the past month.

At the same time, SharpLink’s stock price has increased sharply. SBET rose by 29.03% to $37.38 per share, according to Google Finance. Over the past five days, the stock has surged by 113.11%. This growth mirrors the company’s aggressive Ethereum acquisition and staking strategy.