SharpLink Gaming Surpasses Ethereum Foundation as Largest Institutional ETH Holder with 270,000 ETH

On July 14, SharpLink Gaming, a publicly traded US company, significantly increased its Ethereum holdings to 270,000 ETH, overtaking the Ethereum Foundation, which currently holds 242,500 ETH. This strategic accumulation positions SharpLink Gaming as the largest institutional holder of Ethereum, reflecting a notable shift in crypto asset distribution among major entities. Market data indicates that SharpLink Gaming’s token (SBET) experienced a slight decline, trading at $21.332 after hours, down by 1.47%. This development underscores the growing institutional interest in Ethereum, highlighting the evolving dynamics within the crypto investment landscape.