SharpLink, a digital asset investment firm, has recently strengthened its Ether position by purchasing an additional 83,562 ETH, valued at approximately $264.5 million.
This acquisition, completed between July 28 and August 3, has elevated SharpLink’s total Ethereum holdings to 521,939 ETH, currently worth around $1.91 billion based on market prices.
All of SharpLink’s Ether is staked within Ethereum’s proof-of-stake network, enabling the firm to generate ongoing rewards. To date, the cumulative staking gains have reached 929 ETH, equivalent to more than $3.3 million.
The effectiveness of SharpLink’s investment approach is measured by an ETH-per-share metric, known as ETH concentration. This key indicator has surged by 83% since the company’s initial Ether investments, reaching a current level of 3.66.
Source: SharpLink Gaming
SharpLink Secures Second Place in Ether Treasury Rankings
Continuing its aggressive accumulation since June, SharpLink made headlines after its initial $463 million ETH purchase, once the largest public holding.
However, BitMine Immersion Technologies has recently taken the lead, adding 208,137 ETH and amassing 833,137 ETH, worth over $3 billion.
With Ether prices around $3,700, BitMine ranks as the fourth-largest crypto treasury, surpassed only by Strategy, MARA Holdings, and Twenty One Capital.
Other notable holders include Ether Machine with 345,000 ETH ($1.27 billion), the Ethereum Foundation with 232,600 ETH ($855 million), and PulseChain with 166,300 ETH (valued over $611 million).
Top 10 entities holding Ether. Source: Strategic ETH Reserve
Spot Ether ETFs Experience $465 Million in Daily Outflows
SharpLink’s enhanced Ether position comes amid record daily withdrawals from spot Ether exchange-traded funds.
Data from SoSoValue indicates a $465 million net outflow from Ethereum-based ETFs on Monday, the highest since their inception.
The iShares Ethereum Trust (ETHA) by BlackRock suffered the largest outflow of nearly $375 million, followed by Fidelity Ethereum Fund (FETH) with $55.11 million.
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