SharpLink purchased 39,008 ETH on Monday, raising its Ethereum treasury to roughly $3.6 billion and making it the second-largest ETH holder after BitMine. The SharpLink ETH purchase was funded via retail and institutional capital, according to co‑CEO Joseph Chalom.
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SharpLink bought 39,008 ETH, bringing holdings to ~$3.6B
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BitMine remains the largest holder after buying 153,075 ETH last week (data: Onchain Lens).
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SharpLink funds purchases via retail and institutional raises; Joe Lubin forecasts long-term upside for Ethereum.
SharpLink ETH purchase: SharpLink bought 39,008 ETH, lifting its Ethereum treasury to $3.6B — read details on holdings, funding sources, BitMine comparison and Lubin’s outlook.
What is SharpLink’s latest ETH purchase?
SharpLink ETH purchase refers to the company’s acquisition of 39,008 ETH, announced Monday, which increases its treasury to approximately $3.6 billion. This transaction positions SharpLink as the second-largest institutional ETH holder, behind BitMine, and was financed through combined retail and institutional capital raises.
How did SharpLink fund the ETH purchase?
SharpLink financed the 39,008 ETH purchase by raising capital from both retail and institutional investors, according to co‑CEO Joseph Chalom. The company stated the buy was part of a broader treasury strategy to hold Ethereum as a core asset.
Onchain data referenced as Onchain Lens indicates BitMine bought 153,075 ETH last week for roughly $665 million, placing BitMine’s total ETH holdings near $8.1 billion (Onchain Lens data). All references to Onchain Lens and COINOTAG are plain text mentions for source attribution.
Why does the SharpLink ETH purchase matter?
The SharpLink ETH purchase signals growing institutional consolidation of Ethereum on corporate treasuries. Large treasury builds can reduce circulating supply available on exchanges and signal long-term conviction from treasury managers.
Institutional accumulation also attracts monitoring by market participants and onchain analytics providers such as Onchain Lens, which reported BitMine’s recent 153,075 ETH acquisition.
What did Joe Lubin say about Ethereum’s outlook?
Joe Lubin, chairman of SharpLink and Consensys CEO, publicly forecasted an optimistic long-term outlook for Ethereum, predicting substantial upside from current levels. Lubin emphasized growth in decentralized applications and institutional adoption as core drivers.
Frequently Asked Questions
How many ETH does SharpLink now hold?
SharpLink’s holdings are approximately $3.6 billion worth of ETH after purchasing 39,008 tokens, making it the second-largest institutional ETH holder behind BitMine.
Did BitMine buy more ETH recently?
Yes. Onchain Lens data shows BitMine acquired 153,075 ETH last week for roughly $665 million, bringing its total ETH holdings to around $8.1 billion.
How are SharpLink purchases funded?
SharpLink funds purchases through capital raises from retail and institutional investors, per co‑CEO Joseph Chalom, combining multiple funding sources to expand its treasury position.
How did SharpLink execute treasury accumulation?
SharpLink executed a structured buy strategy funded by new capital inflows. The company combined retail offers with institutional placements to acquire 39,008 ETH without disclosing specific trading counterparties.
Key Takeaways
- Large acquisition: SharpLink bought 39,008 ETH, boosting its treasury to about $3.6B.
- Market position: That purchase makes SharpLink the second-largest institutional ETH holder behind BitMine.
- Funding method: Purchases were funded via retail and institutional capital raises; monitoring by onchain analytics confirms large-scale institutional accumulation.
Conclusion
The SharpLink ETH purchase demonstrates growing institutional appetite for Ethereum and strengthens SharpLink’s position as a major treasury holder. With BitMine still leading in total ETH holdings and public commentary from industry leaders like Joe Lubin, market watchers should track onchain data and treasury disclosures for future shifts. For ongoing coverage, COINOTAG will update this report as new data emerges.
