SharpLink Adds $53.9M in ETH as Corporate Accumulation Intensifies

Blockchain data reveals that SharpLink is continuing its aggressive Ether accumulation strategy, purchasing an additional 15,822 ETH—worth around $53.9 million—within the past several hours. The purchases were carried out through multiple transactions, with the largest single transfer involving 6,914 ETH, valued at $23.56 million, according to data from Arkham Intelligence. SharpLink Keeps Expanding ETH Holdings This latest round of buying brings SharpLink’s total Ether holdings to 480,031 ETH , equivalent to approximately $1.65 billion at current market prices. The company has spent $108.57 million in USDC over the last 48 hours alone to acquire 30,755 ETH, at an average price of $3,530 per ETH. Just a day earlier, on Thursday, the firm had purchased 11,259 ETH for $43.09 million, paying an average of $3,828 per coin. The surge in Ether accumulation follows similar large-scale moves by other corporates . Last week, The Ether Machine acquired 15,000 ETH for $56.9 million, coinciding with the 10th anniversary of the Ethereum network. That purchase was executed at an average price of $3,809 per ETH and pushed the company’s total holdings to 334,757 ETH—leapfrogging the Ethereum Foundation, which holds 234,000 ETH. Ether Machine Becomes Top 3 Corporate ETH Holder The Ether Machine’s recent acquisition solidifies its position as the third-largest corporate holder of Ether, trailing only BitMine and SharpLink, according to analytics firm StrategicETHReserve. Formed earlier this year following a merger with Nasdaq-listed Dynamix Corp., Ether Machine has ambitions to raise $1.6 billion and is planning a public listing under the ticker ETHM later this year. These moves reflect a growing trend among companies treating Ether as an integral part of their digital infrastructure strategies . Ray Youssef, CEO of NoOnes, noted that Ethereum’s appeal lies in its hybrid nature—a blend of technological platform and financial asset. Youssef highlighted the network’s staking yields, programmability, and improving regulatory alignment as key attractions for treasury managers seeking more than just passive stores of value. Ethereum currently leads the tokenized asset sector, hosting 58.1% of the $13.4 billion real-world asset market. The post SharpLink Adds $53.9M in ETH as Corporate Accumulation Intensifies appeared first on TheCoinrise.com .