Ethereum has been in the spotlight lately as major corporations and institutions continue to stack Ether in record amounts. Meanwhile, Ethereum ETFs are setting new inflow records, which shows rising institutional confidence in the asset.
SharpLink Gaming, backed by Ethereum co-founder Joseph Lubin, is going all-in on Ether. In a latest update, the company revealed that it is boosting the amount of stock it plans to sell, from $1 billion to a massive $6 billion. Notably, the majority of it will be used to buy Ether.
After an increase in its share offering, SharpLink went on to buy another 32,892 ETH, worth $115 million. Between June 2 and July 15, the firm earned 415 ETH, worth $1.49 million, from staking rewards. Over the past nine days alone, SharpLink has added $515 million worth of Ether to its treasury.
SharpLink’s ETH holdings have now soared to over 321,000 ETH, worth around $1.1 billion, marking one of the boldest Ethereum treasury strategies in the corporate world.
More companies are shifting from Bitcoin to Ethereum, drawn by its real-world utility. Over the past 30 days, treasury-focused companies have snapped up more than 545,000 ETH worth $1.6 billion. Notably, the strategic ETH reserve has crossed $6 billion in value.
Bitmine Immersion Technologies has built a massive ETH position. It now holds over $1 billion in ETH and related assets. The firm holds about 300,657 ETH in total, including 60,000 ETH from options backed by $200 million in cash.
“We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply,” Thomas Lee said. Bitmine is aiming big as it plans to eventually own and stake 5% of all ETH.
Gamesquare has also raised $70 million through a public offering. The funds will go toward expanding its Ethereum treasury, in partnership with crypto investment firm Dialectic. It has also approved a $100 million plan to grow its Ethereum treasury.
Ethereum ETFs topped $6 billion in total inflows yesterday, with BlackRock’s ETHA pulling in $546 million in inflows. Since mid-April, the spot Ethereum ETFs have attracted over $4 billion in net inflows, which is a clear sign of rising institutional interest in ETH. Ethereum is currently trading at $3,605.17, up 4.8% in the last 24 hours.
Ethereum’s price is up today due to record institutional interest and ETF inflows (like BlackRock’s ETHA), significant corporate accumulation (e.g., SharpLink Gaming, Bitmine), strong Layer 2 scaling solutions, a growing DeFi ecosystem, and a reduced circulating supply from staking and token burns.
As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $5,925.
As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Global asset manager VanEck has taken a pioneering step by filing an S-1 registration statement…
In a market where innovation and speed define success, a new crypto coin is stepping…
The rebrand from Zekret Protocol follows a $1M pre-seed round backing Entry’s push to combine…
As October begins, investors are looking at which coins could drive the next wave of…
Story Highlights The live price of the Tron coin is Tron crypto could reach a…
Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…
