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Digital asset investment firm SharpLink has significantly expanded its Ether (ETH) portfolio, acquiring an additional $264.5 million worth of the cryptocurrency. This latest purchase brings the company's total ETH holdings to 521,939 tokens, valued at approximately $1.91 billion at current market prices.
The recent acquisition of 83,562 ETH was executed between July 28 and August 3 at an average price of $3,634 per token. ——This marks the company's second major Ether purchase since June—— when it initially positioned itself as the largest public holder of ETH with a $463 million investment. All acquired Ether is currently staked, generating rewards of 929 ETH (worth $3.3 million) through Ethereum's proof-of-stake mechanism.
While SharpLink previously led public companies in ETH holdings, it has been surpassed by Bitmine Immersion Technologies, which now controls 833,137 ETH valued at over $3 billion. 【Strategic ETH Reserve】 data shows SharpLink ranks second among corporate holders, followed by The Ether Machine (345,000 ETH) and the Ethereum Foundation (232,600 ETH).
The company tracks its investment performance using an ETH-per-share metric, which has grown 83% since inception to reach 3.66. This innovative measurement reflects how much Ether backs each outstanding share, providing investors with clear visibility into the firm's crypto exposure.
SharpLink's expansion coincides with significant outflows from spot Ether ETFs, including $375 million from BlackRock's iShares Ethereum Trust. Interestingly, this institutional activity occurs as staked Ethereum reaches record levels, suggesting diverging strategies among major market participants.
Industry analysts note that corporate ETH accumulations now represent a growing segment of cryptocurrency markets, with public companies collectively holding billions in digital assets. ——The trend underscores Ether's evolving role as both investment vehicle and blockchain infrastructure asset—— particularly following Ethereum's transition to proof-of-stake consensus.