SharpLink and Bitmine are holding more ETH than the Ethereum Foundation, marking a significant shift in public cryptocurrency investment.
These two lesser-known companies have accumulated and increased their ETH positions to over 1 billion USD each, alongside a surge in Ethereum ETF funds and futures markets.
MAIN CONTENT
SharpLink Gaming and Bitmine Immersion Technologies are the two largest ETH holders in the public stock market.
ETH Futures and ETFs have seen record capital inflows, reflecting strong confidence from institutional investors.
The competition between SharpLink and Bitmine is shaping how the public market intersects with DeFi and the Ethereum ecosystem.
How did SharpLink make a 1 billion USD bet?
SharpLink Gaming, based in Minneapolis, is known to be one of the largest ETH holders with 280,706 ETH, worth over 1 billion USD at current prices.
By raising up to 400 million USD through a stock issuance in the market, SharpLink not only holds ETH but also implements a staking strategy to optimize returns. The company also publicly discloses the 'ETH per share' metric to enhance transparency of cryptocurrency assets in the traditional stock environment, providing a long-term vision of Ethereum's growth potential and the DeFi sector.
How does Bitmine implement its ETH holding strategy?
Bitmine Immersion Technologies, led by Tom Lee from Fundstrat, holds 300,657 ETH worth approximately 1.13 billion USD and is striving to become the largest ETH reserve organization in the public market.
Backed by Peter Thiel, former CEO of PayPal, Bitmine utilizes cash flow from cryptocurrency mining and financial derivatives like ETH Options, aiming to control about 5% of the circulating ETH supply. The strategy aims to become an 'ETH shareholder' like MicroStrategy with Bitcoin, attracting significant attention from institutional investors on Wall Street, while also helping to promote Ethereum in the decentralized market.
The competition between SharpLink and Bitmine is a fierce race characterized by 'defeating direct competitors' in accumulating ETH.
Joseph Lubin, co-founder of Ethereum, July 2025
What are the results of large organizations investing in ETH?
The aggressive buying and holding of ETH by SharpLink and Bitmine is not merely a bullish signal but also a support for a long-term strategy regarding Ethereum's position in the global financial ecosystem.
Data from Coinglass shows that the Open Interest (OI) of ETH futures contracts surged to 50 billion USD when the price of ETH exceeded 3,500 USD, indicating that institutional investors are operating at a large scale in the derivatives segment. At the same time, inflows into ETH ETFs peaked in the week with 2.18 billion USD, raising total assets under management to over 18 billion USD, further proving the strong growth of confidence in this cryptocurrency.
Source: Coinglass
The influx of institutional capital into ETH helps strengthen confidence in the long-term outlook of Ethereum in the DeFi market structure.
Market analysis by TinTucBitcoin, 2025
What unique characteristics do companies have in their ETH holding strategies?
Company ETH Owned ETH Value (billion USD) Highlighted Strategy Notable Backing SharpLink Gaming 280,706 ETH ~1.0 billion Staking & public ETH-per-share Capital raised 400 million USD Bitmine Immersion Technologies 300,657 ETH ~1.13 billion Mining cash flow + ETH options Peter Thiel, Tom Lee
Frequently Asked Questions
How much ETH does SharpLink hold and what is its current value?
SharpLink holds 280,706 ETH, equivalent to over 1 billion USD, making it one of the largest public organizations holding ETH.
What strategy does Bitmine apply to accumulate ETH?
Bitmine uses cash flow from cryptocurrency mining combined with ETH Options financial instruments to increase reserves and long-term holdings.
What has caused the surge in institutional capital flowing into ETH?
The significant growth of capital from Futures and ETH ETFs indicates the increasing confidence of institutional investors in the long-term potential of Ethereum.
What does the competition between SharpLink and Bitmine mean for the ETH market?
This is a clear testament to the deepening shift of the public market into integrating DeFi and the ETH ecosystem, leveraging long-term growth.
How does the public disclosure of 'ETH-per-share' by SharpLink benefit investors?
This metric enhances transparency and helps traditional stock investors accurately assess the ETH assets the company owns.
Source: https://tintucbitcoin.com/ethereum-treasury-hai-vi-la-vuot-quy/
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