In recent days, several companies have significantly increased their Ethereum reserves, emphasizing the growing interest of the corporate sector in this cryptocurrency.
SharpLink Increases Ether Holdings by $54 Million
SharpLink has documented a significant increase in its Ethereum reserves, adding 15,822 ETH worth approximately $53.9 million. The purchases were split across multiple transactions, with the largest single transaction totaling 6,914 ETH valued at $23.56 million. This brings SharpLink's total holdings to 480,031 ETH, amounting to around $1.65 billion at current prices. Over the past 48 hours, the company spent $108.57 million to acquire 30,755 ETH at an average price of $3,530.
The Ether Machine Acquires 15,000 ETH
Last week, The Ether Machine added 15,000 ETH to its treasury in a $56.9 million purchase. This acquisition, made at an average price of $3,809 per ETH, coincided with Ethereum's 10th anniversary. With this latest move, The Ether Machine's holdings rise to 334,757 ETH, making it the third-largest corporate ETH holder.
Corporations Bet Big on Ether as a Valuable Asset
Corporations are accelerating their purchases of Ether, viewing the network as essential infrastructure for the digital economy. According to NoOnes CEO Ray Youssef, Ethereum is described as a 'hybrid between tech equity and digital currency,' increasingly appealing to treasury strategists focused on utility. Currently, Ethereum hosts the majority of tokenized assets and stablecoins.
The active purchases of Ether by large companies confirm the increasing interest in this cryptocurrency, which may lead to further strengthening of its market position.
