The corporate Ethereum arms race just escalated. SharpLink Gaming has supercharged its ETH acquisition strategy, increasing its stock sale program from $1B to a staggering $6B in fresh capital.
The $6B Ethereum Shopping Plan
- Already spent $720.8M from initial $1B program
- Has $279M remaining from first round
- New $5B expansion allows forward sales for sustained buying
- Primary use: Bulk Ethereum purchases (with leftovers for operations)
This comes after SharpLink recently revealed its 280,706 ETH treasury (worth ~$1B) – making it the world’s largest corporate ETH holder, surpassing even the Ethereum Foundation.
Why Companies Want Ethereum
SharpLink’s strategy highlights three key advantages:
💰 Staking rewards: 99.7% of holdings earn yield (415 ETH since June)
📈 Price appreciation: ETH up 44% monthly ($3,620 currently)
🛡️ Institutional credibility: Unlike volatile meme coins
The Corporate ETH Race Heats Up
While SharpLink currently leads:
• BitMine Immersion briefly overtook them with 300,657 ETH
• Other firms may follow as ETH proves its treasury appeal
Analysts note this institutional demand could:
→ Reduce circulating supply
→ Add stability to ETH’s price floor
→ Validate crypto as corporate assets