SharpLink Surpasses Ethereum Foundation with 280,706 ETH
On the evening of the day 15/07, digital entertainment and technology company SharpLink Gaming officially announced that it has become the largest holding organization Ethereum (ETH) world. Specifically, the amount of ETH in SharpLink's treasury has now reached 280,706 ETH, far beyond the number 196,354 ETH belong to Ethereum Foundation – the organization that is considered the “home” of this cryptocurrency.
According to the press release, during the period from 07 – 13/07, SharpLink has performed a bulk purchase with a total of 74,656 ETH, the average price is about 2,852 USD/ETHThis means that the company has spent 156 million USD in just one week to boost its reserves. The total value of ETH held by SharpLink is now around 858 million USD, based on the ETH price fluctuating around 3,000 USD/ETH.
Bold financial strategies and investor confidence
The entire amount of Ethereum purchases was raised by SharpLink from user share offerings from 07 – 11/07, earning about 413 million USDNotably, the company still has surplus 257 million USD Unused, can continue for future ETH purchases.
This information immediately had a strong impact on the stock market: stocks SBET SharpLink's increased more than 21% in just 24 hours, closed at $28.97. Over the past month, the company's stock price has increased by more than 160%, reflecting investor confidence in Ethereum's reserve strategy.
SharpLink Starts ETH Accumulation Strategy From 05/2025 after successful mobilization 425 million USD. Job Joseph Lubin – co-founder of Ethereum – joins as Chairman of the Board of Directors further strengthens the company's reputation and long-term strategy.
Stake almost all ETH and introduce new index
The unique point in SharpLink's strategy is that stake up to 99.7% amount of ETH held, thereby earning 415 ETH Staking rewards as of now, last week alone 94 ETH was recognized. The company also introduced a new index “ETH concentration”, which measures the concentration of ETH per 1,000 diluted shares. The index is currently at 2.46 ETH, increase 23% compared to last month.
In addition to SharpLink, companies such as BitMine Immersion and Bit Digital are also actively participating in the ETH collection race. Up to now, a total of 1.6 million ETH (worth approx. 5 billion USD, equivalent 1,33% total supply) has been accumulated by businesses.
Impact on digital asset market
SharpLink's Strong ETH Buying Momentum, Along With Bitcoin hit new high (ATH) at the level 123,000 USD, pushed up the price ETH bounce back to the zone 3,000 USD and currently fluctuates around 3,150 USD, increase 5,7% in the last 24 hours.
This event is considered a positive signal for the digital asset market. HVA Group, as one of the pioneers in providing financial technology (fintech) solutions and digital asset investment strategy consulting, believes that the trend of large enterprises accumulating ETH will continue to explode in the second half of 2025. HVA Group is also accompanying many partners in optimizing investment portfolios, applying staking solutions and exploiting long-term value from assets such as ETH.
According to HVA Group, SharpLink becoming the largest “whale” in the ETH market not only reflects confidence in Ethereum’s potential but also contributes to strengthening confidence in the entire market, opening up opportunities for other businesses to participate more deeply in the digital asset sector.
