Introduction:
In a bold move shaking up the crypto corporate world, SharpLink Gaming (SBET) just became the largest corporate holder of Ethereum ($ETH )— overtaking even the Ethereum Foundation.
What’s Going On?
Between July 7–13, SharpLink bought 74,656 ETH worth $156M, pushing its total treasury to 280,706 $ETH (~$858M). It even grabbed 10,000 ETH directly from the Ethereum Foundation.
Why It Matters:
Backed by a $413M share sale, and led by Consensys CEO Joseph Lubin as chairman, SharpLink is not just holding — it’s staking 99.7% of its ETH and earning rewards (415 ETH so far).
Corporate ETH Wars Begin:
SharpLink now joins a new wave of ETH-hungry firms like BitMine Immersion and Bit Digital, all competing for dominance as publicly traded Ethereum giants.
🔎 Investor Watch:
Their new “ETH concentration” metric hits 2.46 ETH per 1,000 shares, up 23% in just a month.
Conclusion:
The game has changed — ETH isn’t just a blockchain token, it’s now Wall Street’s newest corporate asset class.
💬 Will your company be next in the Ethereum accumulation race?
