SharpLink Gaming became the largest public Ether holder again after a $258.9 million Ethereum purchase
The post SharpLink Gaming became the largest public Ether holder again after a $258.9 million Ethereum purchase appeared on BitcoinEthereumNews.com.
SharpLink Gaming reclaimed its spot as the biggest publicly traded Ether holder in the world after its latest purchase. On Tuesday, the company purchased 79,949 ETH, bringing its total to 360,807 Ethereum, worth about $1.3 billion at current prices. SharpLink paid about $3,238 per coin, shelling out roughly $258.9 million for this latest purchase. Only days earlier, last Monday, it had disclosed a $49 million purchase that also helped lift its balance to the same 360,807 ETH mark, based on data by CoinGecko. This latest acquisition lets SharpLink reclaim its lead in the fierce contest among public firms building up Ethereum reserves. Just weeks ago, BitMine Immersion Technologies nudged ahead after it announced a private placement worth $250 million on June 30th. BitMine revealed last Thursday that it held 300,657 Ethereum, worth $1 billion, tipping it briefly past SharpLink’s 280,706 ETH at that time. Investors have been watching the contest closely, drawing parallels to MicroStrategy’s high‑profile Bitcoin purchases. Both companies’ stocks have surged as traders compare their strategies. Ark Invest bought 4.4 million shares of BitMine On Monday, ARK Invest purchased 4.4 million BitMine shares (BMNR) in a deal worth almost $175 million. It came after billionaire Peter Thiel picked up 5.09 million shares of BMNR in the previous week, giving him a stake of 9%. At the same time, BitMine’s stock exploded, jumping over 700% in July, data from TradingView shows. The shares momentarily climbed above $140 on 3rd July before closing at $39.60 on Monday. SharpLink’s own stock (SBET) has also risen, though more modestly. It has gained about 130 percent over July, ending Monday around $26 per share. Ethereum ETFs attract $296 million in daily inflows Meanwhile, the broader crypto ETFs have seen a shift of funds. Spot Bitcoin ETFs broke a 12‑day streak of net inflows, posting outflows of $131.35 million on Monday. Ark & 21Shares’ ARKB led the redemptions with $77.46 million…
Filed under: News - @ July 22, 2025 8:34 pm