All about @SharpLinkGaming - The new organization holding more ETH than the Ethereum Foundation
SharpLink Gaming (NASDAQ: SBET), based in Minneapolis, has reinforced its leading position by becoming the largest holder of $ETH , surpassing even the Ethereum Foundation with a total of $700 million in $ETH
💸SharpLink has just pumped an additional $15.8 million into $LSETH, raising its total ETH holdings to $700 million (~233,333 ETH at a price of ~$3,000/ETH, as of July 16, 2025).
🏦The company stakes 99.7% of its ETH and earns 415 ETH since June 2025, turning ETH into a strategic income-generating asset.
📈Market impact and ETH price: The withdrawal of ETH from circulation through staking reduces supply, pushing the price of ETH above $3,000, the highest in 5 months. SBET stock rose 17.5%, reaching $25.8 after the deal.
=> Under the leadership of Joseph Lubin (co-founder of Ethereum, CEO of Consensys), SharpLink raised $413 million and has an additional $257 million USDC to continue accumulating ETH.
=> This trend boosts confidence in Ethereum as a treasury asset, but also raises concerns about centralization and volatility if large organizations liquidate.
