SharpLink Adds $43M in ETH as Corporate Accumulation Accelerates
The Ether Machine has made a bold move in the crypto market, purchasing 15,000 ETH worth $56.9 million at an average price of $3,809. This acquisition pushes its total Ethereum holdings to 334,757 ETH, significantly outpacing the Ethereum Foundation, which reportedly holds 234,000 ETH.
The announcement was strategically timed with Ethereum’s 10-year anniversary, reinforcing the company’s long-term commitment to the network.
“We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to Ether,” said Andrew Keys, chairman and co-founder of The Ether Machine.
From Merger to Market Giant
The Ether Machine was formed through a merger between The Ether Reserve and Nasdaq-listed Dynamix Corp. The deal, expected to finalize in Q4 2025, will see the newly-formed company go public under the ticker ETHM, aiming to raise $1.6 billion.
With this acquisition, The Ether Machine becomes the third-largest corporate ETH holder, trailing only Bitmine and SharpLink Gaming. According to StrategicETHReserve, it now holds more ETH than the Ethereum Foundation.
The firm also confirmed it still holds $407 million in reserve for future Ethereum purchases.
SharpLink Buys $43M in ETH
In a similar move, SharpLink Gaming acquired 11,259 ETH for $43.09 million using USDC, according to on-chain data. The purchase was made at an average price of $3,828, bringing SharpLink’s total ETH holdings to 449,276 ETH, valued at approximately $1.73 billion.
This surge in corporate Ethereum investment highlights growing institutional confidence in the network’s potential.
Institutional Demand for Ethereum Is Rising
As corporate entities double down on Ethereum, experts are pointing to the network’s critical role in the future of finance. Andrew Keys also made a $100,000 donation to the Protocol Guild, a funding collective supporting Ethereum core developers.
“Ethereum has become more than just a smart contract platform. Institutions now view it as the foundational infrastructure for the next era of digital finance,” said Ray Youssef, CEO of NoOnes.
Ethereum’s use in tokenized assets, on-chain payments, and institutional-grade custody solutions is increasingly bridging the gap between traditional finance and decentralized ecosystems.
ETH Outpaces Bitcoin in Corporate Accumulation
According to a recent Standard Chartered report, corporations are accumulating Ethereum at twice the rate of Bitcoin. Since early June, crypto treasury firms have acquired roughly 1% of Ethereum’s total supply, fueling ETH’s recent market outperformance.
The bank noted that strong inflows into US spot Ether ETFs and increasing staking and DeFi opportunities are key drivers. Standard Chartered forecasts ETH could break past $4,000 by year-end and expects Ethereum-focused treasury firms to eventually control up to 10% of the total ETH supply.
Despite trading around $3,857, Ethereum is still down more than 20% from its all-time high of $4,890 — offering potential upside for institutional investors looking to enter the market.
