SharpLink Gaming has returned to the position of the largest public Ethereum whale in the world after the latest purchase.
With a total of 360,807 ETH valued at around $1.3 billion, SharpLink continues to strengthen its position against BitMine Immersion Technologies in the public Ethereum investment market.
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SharpLink Gaming has increased its holdings to over 360,000 ETH after an investment of nearly $259 million.
BitMine Immersion Technologies is also in the race with over 300,000 ETH and interest from major investors.
Ethereum ETFs attracted $296 million in new capital in a day, indicating that capital is shifting from Bitcoin to Ethereum.
How much Ethereum has SharpLink Gaming purchased and what is its value?
SharpLink Gaming has just completed the purchase of an additional 79,949 ETH with a total expenditure of about $258.9 million, raising its total Ethereum holdings to 360,807 ETH, equivalent to $1.3 billion at current prices. This is a strategic move to solidify its position as the largest public Ethereum whale in the world.
This buying activity occurred right after the announcement of a $49 million investment last week, allowing SharpLink to regain its leading position in the competition with public companies regarding the amount of Ethereum in its treasury.
Is BitMine Immersion Technologies a direct competitor of SharpLink?
BitMine Immersion Technologies is a formidable competitor as they hold 300,657 Ethereum, equivalent to $1 billion, surpassing SharpLink at one point. The company recently announced a $250 million private placement to increase its investment fund.
“The competition among public Ethereum accumulation companies is creating significant attraction for investors, similar to what MicroStrategy did with Bitcoin.”
Crypto analyst John Adams, 2025
The strong interest from major investors has helped BitMine record a stock price increase of over 700% just in July, reflecting confidence in their cryptocurrency accumulation strategy.
Which major investors are supporting BitMine?
Last week, ARK Invest purchased 4.4 million shares of BitMine worth nearly $175 million, while billionaire Peter Thiel also holds 9% equity after purchasing 5.09 million shares. These are key factors driving BitMine's stock price to rise sharply over the past month.
What is the trend of capital flows in Ethereum ETFs and Bitcoin currently?
Ethereum-based cryptocurrency ETFs continue to see strong new inflows with $296.6 million invested in a single day, extending a 12-day streak of consecutive gains. In contrast, Bitcoin ETFs experienced a net outflow of $131.35 million, marking the first day after 12 consecutive days of attracting capital.
“Investors are shifting from Bitcoin to Ethereum in search of new opportunities, which is a positive signal for the development of the cryptocurrency market.”
Min Jung, Presto Research Analyst, 2025
Large funds like Fidelity, BlackRock, and Grayscale have all seen positive capital flows into Ethereum ETF products, indicating a clear increase in interest for Ether and related tokens.
Comparison of investment growth between SharpLink and BitMine
Criteria SharpLink Gaming BitMine Immersion Technologies Amount of ETH held 360,807 ETH 300,657 ETH Estimated ETH value $1.3 billion $1 billion Latest investment 79,949 ETH (~$258.9 million) Private placement $250 million Impact on stock price Up 130% in July Up over 700% in July
Frequently Asked Questions
Who is SharpLink Gaming and what do they do in the Ethereum market?
SharpLink Gaming is a prominent publicly listed company specializing in large-scale Ethereum accumulation, solidifying its position as the leading public Ethereum whale.
What strategy is BitMine Immersion Technologies using to attract large investments?
BitMine has raised $250 million through private placement, along with collaboration from prominent investors like ARK Invest and Peter Thiel, creating strong growth momentum.
What impact does current investment capital have on Ethereum and Bitcoin?
Capital is shifting strongly from Bitcoin ETFs to Ethereum ETFs, reflecting increased interest in the Ethereum market and related tokens.
What makes Ethereum ETFs stand out compared to Bitcoin ETFs recently?
Ethereum ETFs consistently attract over $296 million in new capital while Bitcoin ETFs faced their first net outflow after 12 consecutive days of capital inflow, highlighting the strong allure of Ethereum.
Does the competition for Ethereum accumulation among public companies affect ETH prices?
Large-scale ETH accumulation creates upward price pressure due to reduced circulating supply, while also attracting attention from the community and investors, contributing to driving up token value.
Source: https://tintucbitcoin.com/ethereum-bung-no-khi-cong-ty-tich-tru/
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