SharpLink Gaming and BitMine Immersion Tech are emerging as major corporate players in Ethereum accumulation, as combined treasury firms and ETFs now hold more than 10.3% of Ether’s total supply, signaling growing institutional confidence in the asset.
SharpLink’s Ether holdings approach $4 billion in value
SharpLink Gaming reported that its unrealized profits from Ether (ETH) have surpassed $900 million, following a nearly 4.5% rise in the cryptocurrency’s price to $4,722 on Tuesday.
Data from Strategic ETH Reserve indicates that SharpLink holds 838,730 ETH, valued at approximately $3.93 billion, representing about 0.69% of Ether’s total supply. The company emphasized its balance sheet strength, highlighting that it holds no debt and is positioned to continue generating long-term shareholder value.
This is the power of a productive and yield-bearing asset like ETH, pointing to the asset’s ability to enhance per-share concentration and shareholder returns.
The company’s ETH reserves were built through steady accumulation over the summer, starting with 176,300 ETH in June, followed by additional rounds in July and August. While the holdings have stabilized near 839,000 ETH since September, rising market prices have continued to push SharpLink’s valuation higher.
Corporate and ETF Ether reserves cross 12 million ETH
The latest data reveals that treasury firms collectively hold over 5.6 million ETH, valued at roughly $26.5 billion. Leading this segment is BitMine Immersion Tech, which owns 2.83 million ETH (worth about $13.25 billion), representing 2.34% of the total Ether supply.
After BitMine and SharpLink, The Ether Machine ranks third, with nearly 500,000 ETH worth approximately $2.32 billion.
Meanwhile, exchange-traded funds (ETFs) have expanded their Ethereum exposure to 6.83 million ETH, equivalent to $32 billion, or 5.63% of the total supply.
Combined, corporate treasuries and ETFs now control 12.49 million ETH (worth around $58 billion), accounting for over 10.3% of the total supply. This positions Ether as the second-largest corporate crypto treasury asset after Bitcoin, which has roughly 4 million coins valued at $500 billion. Solana ranks third, with around 18 million tokens valued at $4 billion.