- Institutional interest in Ethereum rises as reserves on exchanges continue to grow rapidly.
- SharpLink becomes the largest corporate ETH holder with over 321,000 ETH in reserves.
- Ethereum ETFs cross $6B in inflows, with BlackRock’s ETHA pulling $546M in one day.
Ethereum is drawing big money. Over the past month, several companies have shifted major investments from Bitcoin to Ethereum. The sharp rise comes as Ethereum reserves held by corporations cross $6 billion for the first time. The move signals growing confidence in Ether’s long-term utility and value. SharpLink Gaming, a firm backed by Ethereum co-founder Joseph Lubin, is leading this shift. The company has rapidly built a massive ETH treasury and made its intentions clear.
SharpLink Becomes Largest Corporate ETH Holder
SharpLink initially planned to raise $1 billion through a public stock offering. However, the company boosted that figure to $6 billion. Most of these funds are going toward buying Ethereum. The firm recently purchased 32,892 ETH, worth $115 million. This followed several other large ETH acquisitions in recent weeks.
From June 2 to July 15, SharpLink earned 415 ETH, valued at $1.49 million, just from staking rewards. Within just nine days, it added another $515 million in ETH to its treasury. As of Tuesday, SharpLink was holding over 280,000 ETH, with 99.7% of it staked. This staking strategy is helping the company earn regular rewards.
In total, SharpLink’s ETH reserves have surpassed 321,000 ETH, worth about $1.1 billion. The company is now the largest corporate ETH holder globally. It has also hinted at its next goal. In a recent X post, the firm said it aims to hold 1 million ETH in its treasury.
Other Firms Join the Ethereum Shift
Bitmine Immersion Technologies is also making aggressive ETH moves. It now owns more than $1 billion in Ethereum and related holdings. The company controls around 300,657 ETH. This includes 60,000 ETH from options backed by $200 million in cash. Bitmine’s goal is to eventually own and stake 5% of Ethereum’s total supply. Company executive Thomas Lee said Bitmine is on track to reach that goal. Staking is a key part of their Ethereum strategy.
Gamesquare is another name entering the Ethereum market. The company raised $70 million via a public stock offering to buy more ETH. It also approved a separate $100 million plan to grow its Ethereum reserves. Gamesquare’s expansion is in partnership with Dialectic, a crypto investment firm. The move signals a coordinated push toward ETH as a long-term asset.
Over the past 30 days, companies have collectively acquired more than 545,000 ETH. That total is worth approximately $1.6 billion. This wave of institutional buying has pushed total ETH reserves across corporate treasuries past $6 billion for the first time.
Related: GameSquare Unveils $100M Ethereum Treasury for High Yields
Ethereum ETFs Set Inflow Records
The institutional momentum doesn’t stop with corporate holdings. Ethereum ETFs have also seen record-breaking inflows in recent days. Total ETH ETF inflows have now exceeded $6 billion. On Monday, BlackRock’s Ethereum ETF, ticker symbol ETHA, recorded $546 million in inflows alone.
Since mid-April, Ethereum spot ETFs have attracted over $4 billion in net inflows. This reflects a broader shift in institutional sentiment. Some analysts say many firms are moving funds away from Bitcoin in favor of Ethereum. The reason for this trend is ETH’s utility in DeFi and staking.
At press time, Ethereum is trading at $3,615.5, up 5.3% in the past 24 hours. The price rally follows an increase in demand by both retail and institutional investors. It is likely that the corporate accumulation and the ETF inflows will have further impact on ETH price patterns. More institutions seem to be building long-term ETH positions.
