Ethereum’s top institutional holders are growing, and SharpLink has once again made headlines, further strengthening its position in the ETH accumulation race. With a recent purchase worth over $264.5 million, the firm has taken its total ETH holdings to an impressive 521,939 ETH, valued close to $1.91 billion.
Ethereum Staking Strategy Fuels SharpLink’s Growth
Between July 28 and August 3, SharpLink acquired 83,562 ETH at an average price of $3,634. What sets this strategy apart is not just accumulation — the firm has committed to staking 100% of its Ethereum holdings. This move generates passive rewards through Ethereum’s proof-of-stake mechanism.
To date, SharpLink has earned 929 ETH in staking rewards, valued at over $3.3 million.
This positions the company among the top ETH treasury holders globally, reflecting both confidence in Ethereum’s long-term potential and a calculated move to grow its on-chain revenue base.
ETH Concentration: A New Performance Metric
SharpLink measures its performance using an internal ETH-per-share indicator, termed ETH Concentration, which has now climbed to 3.66 — an 83% increase since the firm began acquiring Ethereum. This metric reflects how much ETH backs each outstanding share, providing investors with a transparent gauge of asset allocation efficiency.
ETH Treasury Rankings See Sharp Movements
SharpLink’s rise comes amid fierce competition among public companies accumulating Ether. Although it briefly held the top spot, BitMine Immersion Technologies has overtaken it, adding 208,137 ETH, bringing its holdings to 833,137 ETH, currently worth over $3 billion.
Other key players include:
- The Ether Machine: 345,000 ETH
- Ethereum Foundation: 232,600 ETH
- PulseChain: 166,300 ETH
Institutional staking strategies are reshaping ETH ownership dynamics, with the top five holders now managing over 2 million ETH combined.
Ethereum ETF Outflows Contrast On-Chain Accumulation
Interestingly, while on-chain accumulation strengthens, Ethereum ETFs are seeing major outflows. Spot Ether ETFs recorded a single-day net outflow of $465 million, with BlackRock’s ETHA fund alone losing $375 million, followed by Fidelity’s FETH with over $55 million.
Despite ETF weakness, direct ETH holdings by firms like SharpLink show institutional confidence in Ethereum remains firm.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.