SharpLink Expands Ethereum Holdings to $1.65B With $108M ETH Buying Spree

SharpLink Acquires Over 30,000 ETH in 48 Hours, Strengthens Position as Top Corporate Holder

Crypto investment firm SharpLink has ramped up its aggressive Ethereum acquisition strategy, purchasing 30,755 ETH worth $108.57 million in USDC over just two days, according to on-chain data from Arkham Intelligence.

The average purchase price was approximately $3,530 per ETH, pushing the company’s total Ether holdings to 480,031 ETH, now valued at $1.65 billion.

Key Transaction Highlights:

• 15,822 ETH added in the past several hours

• Largest single purchase: 6,914 ETH (~$23.56M)

• Total spent in 48 hours: $108.57M USDC

This latest spree solidifies SharpLink’s position among the largest corporate ETH holders globally.

The Ether Machine Joins the Buying Frenzy with $57M ETH Purchase

Not to be outdone, The Ether Machine — a newly formed entity from its merger with Nasdaq-listed Dynamix Corp. — added 15,000 ETH last week in a transaction worth $56.9 million, marking its most substantial acquisition to date.

The average purchase price stood at $3,809 per ETH, and the buy coincided with Ethereum’s 10th anniversary, signaling symbolic and strategic intent.

Current Holdings Snapshot:

• 334,757 ETH in treasury

• Ranks as the 3rd-largest corporate ETH holder, after SharpLink and BitMine

• Exceeds the Ethereum Foundation’s 234,000 ETH

The company is reportedly targeting a $1.6 billion capital raise and plans to go public under the ticker ETHM later this year.

SharpLink buys more ETH. Source: Lookonchain

Related: Metaplanet Eyes $3.7B Raise to Buy 210K BTC by 2027

Corporate Ethereum Accumulation Accelerates

Institutional interest in Ethereum is entering a new phase, with treasury managers viewing ETH not merely as a store of value, but as programmable digital infrastructure.

“Ethereum is evolving into a hybrid of tech equity and decentralized currency,” said Ray Youssef, CEO of NoOnes. “It offers staking yield, regulatory clarity, and unmatched utility — the trifecta for treasury adoption.”

Why Corporations Are Betting Big on ETH:

• Staking Rewards: Passive income from network participation

• Programmability: DeFi, tokenization, and smart contracts

• Regulatory Alignment: Greater clarity compared to other Layer 1s

• Real-World Asset Dominance: Ethereum holds 58.1% of the $13.4B RWA market

With its vast DeFi ecosystem, high tokenization volume, and enterprise integrations, Ethereum is quickly becoming the reserve asset of choice for firms navigating tokenized finance.

What’s Next?

With major players like SharpLink and The Ether Machine loading up on ETH, the stage is set for a corporate-driven Ethereum narrative in the coming quarters. If the trend continues, Ethereum could solidify its role as the foundational layer of the next-generation internet economy.

Related: Bitcoin ETFs Face $812M Outflow, While Ether ETFs Snap 20-Day Inflow Streak