Sharplink has been rapidly increasing its Ether holdings, acquiring an additional 15,822 ETH valued at approximately $53.9 million in recent hours, as reported by Onchain data.
The acquisition was executed through several transactions, the largest of which involved a single transfer of 6,914 ETH, equating to about $16.3 million. This information comes from Arkham Intelligence.
This latest addition brings Sharplink’s overall ETH reserves to 480,031 ETH, roughly valued at $1.65 billion at current prices. Over the last 48 hours, the company has reportedly spent $108.57 million in USDC to purchase 30,755 ETH at an average cost of $3,530 each.
Additionally, on Thursday, Sharplink invested $43.09 million in USDC to buy 11,259 ETH, averaging about $3,828 per ETH, according to Onchain data.
In a similar trend, the Ether Machine recently acquired 15,000 ETH for $56.9 million, coinciding with Ethereum’s 10th anniversary, at an average price of $3,809 per ETH.
This move has increased Ether Machine’s holdings to 334,757 ETH, placing it ahead of the Ethereum Foundation’s 234,000 ETH. As per StrategyEthreserve, the Ether Machine is now the third-largest holder of ETH, trailing only behind Bitmine and Sharplink.
Founded through a merger with Dynamix Corp., the Ether Machine registered with NASDAQ earlier this year and has announced plans to go public later in the year under the ticker ETHM, while also seeing a significant salary increase amounting to $1.6 billion.
According to Ray Youssef, CEO of NOONES, companies are increasingly investing in Ether, viewing the network as vital to the digital economy.
Youssef characterizes Ethereum as a “hybrid of high-tech equity and digital currency,” which is drawing attention from financial strategists who consider its potential for both passive storage and utility.
He mentions that the yield from ETH piles, its programmability, and regulatory integrity are attracting numerous businesses. Ethereum now hosts most tokenized assets and stablecoins, dominating 58.1% of the real-world asset market valued at $13.4 billion.
As corporate use cases grow, Ethereum is emerging as a preferred currency for enterprises involved in tokenized finance.
