๐ July 15, 2025 | New York, USA
A fact that shook the entire crypto community today: Sharplink Gaming, an emerging giant in the blockchain betting and gaming sector, has just officially surpassed the Ethereum Foundation itself as the largest corporate ETH holder. The news, revealed by Coindesk, turns the ranking of institutional holdings on its head and confirms a trend that has been brewing for months: real-world companies are embracing Ethereum not only as a platform, but as a strategic asset to protect their treasury and expand their ecosystem.
Sharplink Gaming didn't emerge overnight. Based in New York with global operations, the firm began as a sports betting and fantasy sports solutions provider, but in 2023 it made the leap to blockchain infrastructure to offer decentralized gaming experiences, NFTs, and smart contract-based payments. Since then, its relationship with Ethereum has quietly grownโฆ until today.
According to Coindesk, Sharplink declared holding more than 1.8 million ETH, surpassing the Ethereum Foundation, which for years held the crown with reserves of approximately 1.6 million ETH earmarked to fund key network developments, grants, and DeFi ecosystems.
The shift is explained by a combination of strategic factors. Sharplink not only uses ETH for payments within its platform and staking, but also considers it a treasury asset, following the logic that MicroStrategy applied to Bitcoin: maintaining a digital reserve that doesn't lose value against fiat inflation and that supports frictionless global operations.
Sources close to the company cited by Coindesk indicate that the board approved the silent accumulation of ETH starting in 2023, accelerating purchases whenever the price fell below $2,500. The result: today Sharplink not only leads its sector, but also sends a powerful signal to the crypto market: Ethereum is now a corporate currency.
On X and Telegram, the news exploded. Maximalists celebrate that a non-crypto-native company dares to surpass the foundation itself, while purists warn of the concentration of power: "Too much ETH in private corporate hands could create dependency and volatility if they decide to sell suddenly," some traders opine.
But at Sharplink, the message is clear: the company plans to tokenize part of its operations, expand smart contract-based games, and actively participate in the governance of protocols that run on Ethereum. Its CEO, in a brief statement, uttered the now-trending phrase: "We believe in Ethereum as a platform and as a store of value for the gaming of the future."
Topic opinion:
Ethereum is more than gas fees and DeFi; it is an infrastructure that redefines how companies interact with the web. Sharplink's case is living proof that more and more companies are seeing ETH as more than just a token to move funds. They're using it as collateral, liquidity, and the technological foundation for entire business models.
Don't underestimate the power of corporate treasuries. Today it's Sharplink, tomorrow it'll be others in the gaming, fintech, or even retail sectors. If Ethereum manages to sustain this narrative, we'll see increasingly larger holdings and constant institutional buying pressure.
๐ฌ Are you surprised that a gaming company surpasses the Ethereum Foundation as the top whale?
Does this strengthen or weaken the network's decentralized spirit?
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