Ethereum: SharpLink’s ETH Holdings ($3.28B) Surpass $3.237B Market Cap — Bitmine Holds $7.59B
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
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COINOTAG News on August 26, citing crypto KOL AB Kuai.Dong, reported that the Ethereum-focused vehicle Ethereum Micro Strategy operator SharpLink has a total market capitalization of $3.237 billion, while its disclosed ETH holdings are valued at $3.28 billion.
According to the same source, sector peer Bitmine shows a market capitalization of $8.605 billion with reported ETH holdings totaling $7.59 billion, highlighting the firms’ balance-sheet exposure to Ethereum (ETH) rather than operating cash flows.
On a valuation basis, SharpLink’s market cap is marginally below the stated value of its crypto inventory, while Bitmine’s market capitalization exceeds its ETH position by roughly $1.015 billion; these figures serve as relevant inputs for NAV and relative-valuation analysis.