The post SharpLink Gaming Tops Ethereum Foundation in ETH Holdings appeared on BitcoinEthereumNews.com.

Key Insights: SharpLink Gaming acquired an additional 6,377 ETH worth $19.56 million, as news of Ethereum foundation taking a back seat emerged. Total Ethereum holdings expanded to 287,083 ETH, surpassing the Ethereum Foundation’s ETH holdings. Analysts predict the ETH price to hit $4000 amid corporate adoption and spot Ethereum ETF inflows. SharpLink Gaming acquired an additional 6,377 ETH worth $19.56 million on Wednesday, becoming the largest holder of the crypto. Co-founder Joseph Lubin-backed SharpLink even surpassed the Ethereum Foundation’s holdings amid recent purchases. The company supports Ether’s long-term strength and mission by staking as ETH enters a new era of institutional relevance amid corporate adoption. SharpLink Gaming Acquires 6,377 ETH, Total Holdings Reaches Over 287K ETH Nasdaq-listed SharpLink Gaming further increased its total Ethereum holdings as it purchased an additional 6,377 ETH worth $19.56 million, as per Arkham data on July 16. On-chain analytics platform Lookonchain reported that the company continued its major accumulation spree. It accumulated 91,330 ETH worth more than $275 million in the last 7 days. On Tuesday, SharpLink Gaming confirmed that the total holdings stand at 280,706 ETH. With the latest purchase, the total holdings increased to above 287,083 ETH valued at almost $908 million at a market price of $3,160. Last week, the company entered into a definitive agreement with the Ethereum Foundation and completed a 10,000 ETH purchase for $25.72 million in an over-the-counter (OTC) deal. The purchase was made at an average price of $2,572.37, significantly lower than the market price. Ethereum Holdings Surpasses Ethereum Foundation’s ETH Stack SharpLink Gaming becomes the largest single corporate holder of ETH and holds more than the Ethereum Foundation. Angel investor Anthony Sassano, known as sassal.eth, said dethroning the Ethereum Foundation in the strategic ETH reserve marked a huge milestone for the company. Ethereum Reserve Treasuries |…

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Filed under: News - @ July 16, 2025 12:25 pm