Sharplink Buys $54M More in Ethereum, Now Owns $1.65B Worth of ETH

Sharplink has bought another $54 million, bringing its total ETH stash to to 480,031 ETH valued at  $1.65 billion.

Sharplink Boosts Its ETH Holdings to $1.65B

The Sharplink Gaming has acquired 30,755 ETH in 48 hours for $108.57 million in USDC, increasing its total Ether holdings to 480,031 ETH, now valued at $1.65 billion.

Its recent acquisition includes 15,822 ETH worth $53.9 million, with the largest single transfer totaling 6,914 Ether valued at $23.56 million. According to Onchain data, Sharplink also spent $43.09 million USDC to buy 11,259 ETH at an average price of $3,828.

Companies Are Choosing Ethereum as a Treasury Asset

Corporations are increasing their Ethereum holdings, viewing the blockchain as a critical infrastructure for the digital economy.

Recently, Ether Machines acquired 15,000 ETH, worth $56million at an average price of  $3,809 per ETH. This new purchase raised its total holdings to 334,757 ETH, making it the third largest corporate ETH holder behind Bitmine and Sharplink.

According to Ray Youssef,  the CEO of NoOnes, Ethereum is a combination of tech stocks and digital currency, which makes it more appealing for companies who want to use it, not just hold it. He also noted that Ethereum’s ability to earn rewards, flexibility, and regulatory alignment are attracting forward-looking firms.

Ethereum also supports most tokenized assets and stablecoins, accounting for 58.1% of the $13.4 billion real-world asset market. As its use grows in business, Ethereum is quickly becoming the top choice for companies operating in tokenized finance.