SharpLink Gaming has returned to the position of the world's largest public Ethereum whale after its latest purchase.
With a total of 360,807 ETH valued at approximately 1.3 billion USD, SharpLink continues to consolidate its position ahead of BitMine Immersion Technologies in the public Ethereum investment market.
- SharpLink Gaming raises ownership to over 360,000 ETH after an investment of nearly 259 million USD.
- BitMine Immersion Technologies also joins the race with over 300,000 ETH and interest from major investors.
- Ethereum ETF attracts 296 million USD in new capital in a day, showing money flow shifting from Bitcoin to Ethereum.
How Much Ethereum Did SharpLink Gaming Buy and What is Its Value?
SharpLink Gaming has just completed purchasing an additional 79,949 ETH with a total expenditure of around 258.9 million USD, raising its total Ethereum holdings to 360,807 ETH, equivalent to 1.3 billion USD at current prices. This is a strategic move to consolidate its position as the world's largest public Ethereum whale.
This purchase occurred immediately after the 49 million USD investment announced last week, helping SharpLink reclaim the leading position in competition with public companies regarding Ethereum in their treasury.
Is BitMine Immersion Technologies a Direct Competitor to SharpLink?
BitMine Immersion Technologies is a formidable competitor as they own 300,657 Ethereum, equivalent to 1 billion USD, surpassing SharpLink at one point. The company recently announced a private placement worth 250 million USD to increase its investment fund.
"The competition between public Ethereum accumulation companies is creating great attraction for investors, similar to what MicroStrategy did with Bitcoin."
Crypto Analysis Director John Adams, 2025
Strong interest from major investors helped BitMine record a stock price increase of over 700% in July alone, reflecting confidence in their cryptocurrency accumulation strategy.
Which Major Investors are Supporting BitMine?
Last week, ARK Invest bought 4.4 million BitMine shares worth nearly 175 million USD, and billionaire Peter Thiel also holds 9% of shares after purchasing 5.09 million shares. These are key factors driving BitMine's stock price surge in the past month.
What is the Current Capital Flow Trend in Ethereum and Bitcoin ETFs?
Ethereum-based cryptocurrency ETFs continue to record strong new capital inflows with 296.6 million USD invested in one day, extending a 12-day consecutive increase streak. In contrast, Bitcoin ETF experienced a net outflow of 131.35 million USD, marking the first day after 12 consecutive days of capital attraction.
"Investors are shifting from Bitcoin to Ethereum to seek new opportunities, which is a positive signal for cryptocurrency market development."
Min Jung, Presto Research Analyst, 2025
Large funds like Fidelity, BlackRock, and Grayscale are all witnessing positive capital flows into Ethereum ETF products, showing a clear increased interest in Ether and related Tokens.
Comparing Investment Growth Between SharpLink and BitMine
| Criteria | SharpLink Gaming | BitMine Immersion Technologies |
|---|---|---|
| ETH Holdings | 360,807 ETH | 300,657 ETH |
| Estimated ETH Value | 1.3 billion USD | 1 billion USD |
| Latest Investment | 79,949 ETH (~258.9 million USD) | Private placement of 250 million USD |
| Stock Price Impact | 130% increase in July | Over 700% increase in July |
Frequently Asked Questions
Who is SharpLink Gaming and What Do They Do in the Ethereum Market?
SharpLink Gaming is a prominent publicly listed company specializing in large-scale Ethereum accumulation, helping to consolidate its position as a top public Ethereum whale.
How Does BitMine Immersion Technologies Attract Large Investments?
BitMine raised 250 million USD through private placement, along with partnerships from notable investors like ARK Invest and Peter Thiel, creating strong growth momentum.
How Are Investment Capital Flows Currently Affecting Ethereum and Bitcoin?
Capital is strongly shifting from Bitcoin ETFs to Ethereum ETFs, reflecting increased interest in the Ethereum market and related Tokens.
What Makes Ethereum ETFs Stand Out Compared to Bitcoin ETFs Recently?
Ethereum ETFs continuously attract over 296 million USD in new capital, while Bitcoin ETFs experienced their first net outflow after 12 consecutive days of capital inflow, showing Ethereum's large attraction.
Will the Ethereum Accumulation Competition Between Public Companies Impact ETH Price?
Large-scale ETH accumulation creates upward price pressure by reducing circulating supply, while also attracting attention from the community and investors, contributing to Token value promotion.
