SharpLink now holds 280K ETH, flips Ethereum Found
SharpLink now holds 280K ETH, flips Ethereum Foundation’s 241K stash: Will this change things?
SharpLink Gaming has over 280,000 ETH, outpacing the Ethereum Foundation’s 241K ETH holdings. Tom Lee projected a potential ETH breakout above $4K later in 2025.
SharpLink Gaming’s Ethereum [ETH] treasury reserve hit 280,706 ETH, surpassing the Ethereum Foundation (EF) as the world’s largest corporate ETH holder.
Last week, the sports betting and gaming affiliate giant bought 74,656 ETH at an average price of $2,852.
This buying power was part of the firm’s $413 million capital raised from selling 24.56 million shares over the same period.
Per data from Strategic ETH Reserve (SER), the purchase tipped SharpLink Gaming to the top of the leaderboard, surpassing EF by nearly 40K ETH.
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