SharpLink Buys 143K Ethereum for $668M Amid ETH ETF Profit-Taking Wave
Sharplink Gaming purchased 143,593 ETH for $667.2 million, becoming Ethereum’s second-largest corporate holder with 740,760 ETH total treasury worth $3.1 billion.
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Sharplink Gaming purchased 143,593 ETH for $667.2 million, becoming Ethereum’s second-largest corporate holder with 740,760 ETH total treasury worth $3.1 billion.
BitMine Immersion Technologies announced $6.612 billion in crypto holdings, making it the world’s largest Ethereum treasury. The disclosure includes 1.52 million ETH and positions the company as a major institutional crypto player.
This is likely to be an impactful week for the crypto market, as investors focus on key macroeconomic events.
BitMine recently added 109,485 ETH to its Ethereum stash, bringing its total holding to 1,297,093 ETH, valued at approximately $5.68 billion.
SharpLink Gaming confirmed its position as the second-largest corporate Ether holder after acquiring 728,804 ETH valued at $3.3 billion in Q2 2025.
Ethereum’s market capitalization reached a historic $570 billion milestone, overtaking major corporations like Netflix and Mastercard. The surge follows a 55% monthly rally driven by ETF inflows and corporate treasury purchases.
The anonymous, or as some say, mysterious, 7 Siblings has been selling Ethereum like there’s no tomorrow.
Ethereum rallied 6.31% to $4,515 following BitMine’s announcement of a massive $20 billion fundraising expansion. The move aims to accelerate ETH acquisitions as the firm targets owning 10% of Ethereum’s total supply.
Ethereum surged past $4,360 on Monday, marking its fifth consecutive daily gain amid aggressive corporate treasury accumulation by BitMine and Fundamental Global.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Spot Ethereum ETFs recorded over $460 million in inflows on August 8, with BlackRock’s iShares Ethereum Trust (ETHA) leading at $254.7 million.
Ethereum broke through $4,050 resistance on August 8 following Sharplink Gaming’s $200 million direct offering announcement to expand their Ethereum treasury beyond $2 billion.
Buterin said that Ethereum’s long-term success should not be put at risk by reckless borrowing and speculative strategies.
Ethereum falls below $3,700 despite major corporate buys, with market signals hinting at further decline.