Well, well, well, if it isn’t SharpLink, the gaming company that has decided to throw its hat into the Ethereum (ETH) ring. Since June 2025, they’ve managed to squeeze a delightful $900 million out of their ETH holdings. I mean, who knew gaming companies had it in them to start competing with the likes of institutional investors? But hey, they’ve doubled their ETH stash, and with 839,000 ETH on the balance sheet and no pesky debt, they’re feeling pretty good about themselves.
SharpLink’s unrealized profit now surpasses $900M since launching the ETH treasury strategy on June 2, 2025.
During that time, ETH concentration doubled, making every share more valuable.
With 839k ETH on our balance sheet and no debt, SharpLink’s in a strong position to keep…
– SharpLink (SBET) (@SharpLinkGaming) October 6, 2025
Joseph Chalom, SharpLink’s co-CEO (you know, one of those visionary types) has been having a bit of a Twitter moment lately, gushing about Ethereum ETFs and how great it is that Grayscale’s ETH ETFs can now stake their ETH. Cute, right? But Joseph’s not just sitting back and admiring the view. Oh no, he’s got bigger plans. “At SharpLink, we’re able to stake 100% of our $ETH, generating superior yield,” he boldly states. Because why stake just 10% like the common folk when you can go all-in, right?
It’s great news that Grayscale’s ETH ETFs are now able to stake their $ETH
This is a major milestone for the ecosystem and bullish for Ethereum overall
Having worked on BlackRock’s Bitcoin and Ethereum ETFs, I’ve seen how powerful these vehicles are for institutional access and…
– Joseph Chalom (@joechalom) October 6, 2025
Corporate Race for Ethereum Dominance (Or, How to Buy All the ETH and Hope for the Best)
Meanwhile, BitMine Immersion Technologies, because it’s not enough for one company to dominate, just bought a whopping 179,251 ETH last week, worth a tidy $823 million. This pushed their total ETH stash to 2.83 million ETH. Yes, that’s right-$13 billion worth. They’re now the undisputed champions of Ethereum treasuries, leaving SharpLink to settle for second place. Coming in third? The Ether Machine, which has 496,000 ETH worth around $2.28 billion. And let’s not forget the Ethereum Foundation holding a humble 222,000 ETH, worth just over a billion. No biggie.
The U.S. government even made a surprise appearance on the leaderboard, with 60,000 ETH (valued around $275 million). I’m sure that’s exactly how they intended to handle taxpayer money. 🙄
Bitmine just bought another 179,251 ETH
They now hold 2.83 MILLION ETH, worth $13 billion dollars
SharpLink is in 2nd place with 838K ETH
The Ethereum foundation is in 4th with 222K ETH
SEND ETH TO $10,000!!
– borovik (@3orovik) October 6, 2025
In case you’re wondering, SharpLink isn’t just sitting pretty with its digital coins. On September 25, they announced plans to bring their traditional company shares onto the Ethereum blockchain. That’s right, folks, they’re talking about turning real company stock into blockchain tokens. Because what’s better than traditional finance? Traditional finance with a splash of crypto madness. The firm’s teaming up with financial tech company Superstate to make this happen. If they pull it off, they’ll be the first public company to make the leap to full-on-chain stock. And no, you’re not dreaming.
The project uses Superstate’s Opening Bell platform, which, if all goes according to plan, will allow companies to convert regular old shares into blockchain-based tokens. All nice and legal. Ethereum and Solana are the prime suspects here, if you’re wondering.
And as of now, Ethereum is cruising at $4,726.73, up 4.6% in the last 24 hours. The institutional interest is clear as day-cryptos and traditional finance are colliding in a mad dash for dominance. But what else is new?
SharpLink’s ETH growth and stock tokenization might just be the future of how public companies merge crypto with old-school finance. The big question is, will they be able to keep up the momentum, or will they crash and burn in a puff of digital smoke? Only time will tell, folks. ⏳
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2025-10-07 12:38