Quick overview

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SharpLink Gaming became the second-largest corporate holder of Ethereum after purchasing $109 million worth of Ethereum during the recent market correction, increasing its treasury to over 470,000 ETH.

 

The company added approximately 31,941 ETH through a purchase executed via Galaxy Digital’s OTC desk, a preferred method for discreet, high-volume trades, using two sizable USDC transfers.

SharpLink’s holdings now exceed 470,000 ETH. The transactions included a $53 million USDC transfer and a subsequent $56 million transfer, both facilitated through Galaxy Digital’s OTC platform. Blockchain analytics firm Arkham Intelligence confirmed these transactions, highlighting SharpLink’s strategic move to profit from the recent market correction.

The wallet address linked to these transfers has accumulated over $800 million worth of Ethereum, demonstrating ongoing accumulation efforts. Corporate Ethereum treasuries have exceeded $10 billion and continue to grow.

BitMine holds the top position with 625,000 ETH, followed by SharpLink Gaming. Other notable holders include the Ethereum Foundation, PulseChain, and The Ether Machine. This trend reflects increasing institutional trust in Ethereum’s long-term value and utility.