Ethereum

Dynamix

Arkham

USDC

SharpLink has continued its aggressive accumulation of Ether, adding another 15,822 ETH, worth approximately $53.9 million, over the past several hours, according to onchain data.
The purchases were split across multiple transactions, with the largest single transfer totaling 6,914 Ether (<a href="/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>), valued at $23.56 million, <a data-ct-non-breakable="null" href="https://intel.arkm.com/explorer/address/0xCd9e09B30d481cc33937CE33fEB3d94D434F5F75" title="null" rel="noopener noreferrer nofollow">according</a> to data from Arkham Intelligence.
The new haul brings SharpLink’s total ETH holdings to 480,031 ETH, worth around $1.65 billion at current prices. The buying spree has been ongoing over the past 48 hours, during which the company spent $108.57 million in USDC to acquire 30,755 ETH at an average price of $3,530.
On Thursday, SharpLink <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-machine-buys-15k-eth-57m-purchase" title="null" rel="noopener noreferrer nofollow">also&nbsp;spent $43.09 million</a> USDC&nbsp;(<a href="/usdc-price-index" rel="noopener noreferrer nofollow">USDC</a>)&nbsp;to purchase 11,259 ETH at an average price of $3,828, according to onchain data.
<figure><img alt="SharpLink buys another $54M in ETH, now holds $1.65B worth of Ether" src="https://s3.cointelegraph.com/uploads/2025-08/01986eb6-72aa-7d6b-a967-347164857761" title="">
 <figcaption style="text-align: center;">SharpLink buys more ETH. Source: <a href="https://x.com/lookonchain/status/1951832671237308421" rel="noopener noreferrer nofollow" target="_blank" title="https://x.com/lookonchain/status/1951832671237308421">Lookonchain</a>
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/eth-recovery-outpaces-bitcoin-despite-constant-selling-at-4k-here-s-why" title="null" rel="noopener noreferrer nofollow">ETH recovery outpaces Bitcoin despite constant selling at $4K: Here’s why</a>
<h2 id="the-ether-machine-buys-57m-in-eth">The Ether Machine buys $57M in ETH</h2>
Last week, The Ether Machine added 15,000 ETH to its treasury in a $56.9 million purchase. The acquisition, made at an average price of $3,809 per ETH, coincided with Ethereum’s 10th anniversary.
With the latest move, The Ether Machine’s holdings rise to 334,757 ETH, surpassing the Ethereum Foundation’s 234,000 ETH. The firm now ranks as the third-largest corporate ETH holder, behind only BitMine and SharpLink, according to StrategicETHReserve.
Formed earlier this year through a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/the-ether-machine-largest-institutional-eth-yield-fund" title="null" rel="noopener noreferrer nofollow">merger with Nasdaq-listed Dynamix Corp.</a>, Ether Machine is targeting a $1.6 billion raise and plans to go public under the ticker ETHM later this year.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-2035-how-the-next-10-years-might-look" title="null" rel="noopener noreferrer nofollow">Ethereum 2035: How the Next 10 Years Might Look</a>
<h2 id="corporations-bet-big-on-ethereum-as-treasury">Corporations bet big on Ethereum as treasury</h2>
Corporations are accelerating their Ether purchases, viewing the network as <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-key-treasury-asset-corporations-ray-youssef" title="null" rel="noopener noreferrer nofollow">essential infrastructure for the digital economy</a>, according to NoOnes CEO Ray Youssef.
Youssef described Ethereum as a “hybrid between tech equity and digital currency,” increasingly appealing to treasury strategists focused on utility, not just passive storage.
Youssef said <a href="https://cointelegraph.com/learn/articles/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth" rel="noopener noreferrer nofollow" target="_self" title="https://cointelegraph.com/learn/articles/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth">ETH’s staking yield</a>, programmability, and regulatory alignment are drawing forward-looking companies. Ethereum currently hosts the majority of tokenized assets and stablecoins, commanding 58.1% of the $13.4 billion real-world asset market.
With its growing dominance and enterprise use cases, Ethereum is fast becoming the reserve currency of choice for companies operating in tokenized finance.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereums-roadmap-10000-tps-using-zk-zkevm-tech-dummies-guide/" title="null" rel="noopener noreferrer nofollow">Dummies’ guide: Ethereum’s roadmap to 10,000 TPS using ZK tech</a>

SharpLink buys another $54M in ETH, now holds $1.65B worth of Ether

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