Stock of SharpLink experiences an upward trend, followed by a downturn, attributed to a $400M agreement aimed at increasing the Ethereum Treasury
In the world of cryptocurrency, Ethereum is experiencing a significant surge in institutional interest. The price of Ethereum is on the rise, with a 13.5% increase in the past week alone [1]. This growth has caught the attention of several global institutional investors, including SharpLink Gaming.
SharpLink Gaming, a gaming company with a growing Ethereum focus, aims to sell its shares for $21.76 each to five global institutional investors [2]. The sale is expected to close on Tuesday, August 12, if all closing conditions are met. This move will bolster SharpLink's Ethereum treasury, which is currently valued at over $1.3 billion [1].
The corporate Ethereum treasury boom is not a new phenomenon. Publicly traded firms collectively hold more than 3.7 million ETH, valued at nearly $17 billion, which corresponds to over 3% of Ethereum’s total supply [2]. Among the largest Ethereum treasury holders are BitMine Immersion Technologies, holding about 1.52 million ETH, Coinbase, and SharpLink Gaming [2][4].
BitMine Immersion Technologies, the world’s largest Ethereum treasury, is aiming to reach 5% of all ETH supply [4]. Standard Chartered projects continued institutional accumulation of Ethereum, predicting that treasury firms may eventually hold up to 10% of circulating ETH by the end of 2025 [1].
The growth in ETH treasury holdings has been driven by Ethereum’s attractive staking yields (around 3% annually) and deep integration with DeFi ecosystems, which make ETH appealing beyond just a store of value [3][5]. This trend is reshaping Ethereum’s supply dynamics and market structure.
The increasing institutional confidence in Ethereum is further highlighted by a prediction market, Myriad, where more than 75% of users believe that Ethereum will surpass its record price before the end of the year [6]. As of August 10, SharpLink held 598,800 ETH, with expectations to exceed $3 billion soon [3].
Despite the significant fluctuations in the price of SharpLink's shares, the company remains optimistic about its Ethereum strategy. SharpLink's latest deal is part of the company's efforts to accumulate 1% of Ethereum's total circulating supply, or over 1.2 million ETH [3].
In summary, the surge in institutional interest in Ethereum is reshaping the market structure of the second-largest cryptocurrency by market capitalization. With treasury firms collectively holding over 2-3% of total circulating ETH and predictions of this percentage potentially reaching 10% by the end of 2025, Ethereum's future looks promising for institutional investors.
| Treasury Firm | ETH Holdings (approx.) | Estimated Value (2025) | % Circulating ETH (approx.) | |-------------------------|-----------------------|-----------------------|-----------------------------| | BitMine Immersion | 1,523,373 ETH | $6.6 billion | ~1.3% | | SharpLink Gaming | ~$1.3 billion in ETH | $1.3 billion | ~0.26% | | Coinbase | Significant holdings | Not precisely stated | Part of >3% total treasury | | Total Treasury Firms | Over 3.7 million ETH | Nearly $17 billion | Over 3% |
[1] CoinDesk (2025). Ethereum Price Breaks $4,000 for First Time Since May. [online] Available at: https://www.coindesk.com/ethereum-price-breaks-4000-for-first-time-since-may [Accessed 11 Aug. 2025].
[2] CoinTelegraph (2025). Ethereum Treasury Firms Hold Over $17 Billion Worth of ETH. [online] Available at: https://cointelegraph.com/news/ethereum-treasury-firms-hold-over-17-billion-worth-of-eth [Accessed 11 Aug. 2025].
[3] Reuters (2025). SharpLink Gaming Raises $900 Million as Ethereum Surges. [online] Available at: https://www.reuters.com/business/sharp-link-gaming-raises-900-million-ethereum-surges-2025-08-10 [Accessed 11 Aug. 2025].
[4] Business Insider (2025). BitMine Immersion Technologies: The Largest Ethereum Treasury Holder. [online] Available at: https://www.businessinsider.com/bitmine-immersion-technologies-largest-ethereum-treasury-holder-2025-08 [Accessed 11 Aug. 2025].
[5] Forbes (2025). Why Institutions Are Betting Big on Ethereum. [online] Available at: https://www.forbes.com/sites/johnkoetsier/2025/08/05/why-institutions-are-betting-big-on-ethereum/?sh=77788f5d4997 [Accessed 11 Aug. 2025].
[6] Myriad (2025). Ethereum Price Prediction Market. [online] Available at: https://myriad.market/ethereum [Accessed 11 Aug. 2025].
Read also:
- Understanding AI's Impact in Fashion Shopping Environments: 10 Insights You Won't Want to Miss
- The impending future of infrastructure lies in autonomous systems, heralding the next phase of industrial evolution.
- Investors scramble to acquire gold bullion as prices surge in anticipation of potential Capital Gains Tax adjustments
- West Virginia Attorney General issues unclear stance on controversial Daily Fantasy Sports legislation
