The post SharpLink Buys 19K ETH, Treasury Hits $3.5 Billion appeared on BitcoinEthereumNews.com.

Ethereum Treasuries Gain Traction Among Companies SharpLink’s latest purchase places it second among corporate Ethereum holders, behind BitMine Immersion Technologies. Data from Strategicethreserve.xyz shows that 69 public and private companies now hold a combined 5.74 million ETH, worth around $23 billion. Sharplink buys another 19k ETH | source: X This figure represents nearly 4.75% of Ethereum’s circulating supply. SharpLink alone accounts for about 0.69%, while BitMine owns over 2.74%. Industry data also shows that 95% of these corporate purchases occurred this quarter. Ethereum’s appeal lies not only in price speculation but also in its ability to generate staking rewards. By locking ETH into Ethereum’s proof-of-stake network, companies can earn steady returns while supporting the network. SharpLink has already earned 5,671 ETH in staking rewards since June, worth about $23.25 million. That includes 326 newly minted rewards and 132 from LsETH derivatives during the latest week alone. BitMine Boosts ETH Treasury to $13 Billion BitMine Immersion Technologies, the largest corporate Ethereum holder, also took advantage of the recent dip. The firm purchased another $250 million worth of ETH on Monday, raising its total stash to around 3.24 million tokens.  At current prices, that’s more than $13 billion in value. BitMine’s chairman Tom Lee, said the current “price dislocation represents an attractive risk/reward.” Its holdings now make up 2.74% of the entire Ethereum supply, bringing it closer to its target of owning 5% of all ETH in circulation. SharpLink’s Treasury Strategy Pays Off SharpLink launched its Ethereum treasury strategy in June and became the first publicly traded company to centre its reserves on Ether.  It began with a $425 million private investment in public equity and has since expanded its holdings through additional raises. The company’s stock has surged by over 450% in the past six months according to Yahoo Finance. Analysts…

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Filed under: News - @ October 22, 2025 10:28 am