{"id":25360,"date":"2025-07-16T11:11:19","date_gmt":"2025-07-16T08:11:19","guid":{"rendered":"https:\/\/forklog.com\/en\/sharplink-surpasses-the-ethereum-foundation-in-eth-reserves\/"},"modified":"2025-07-16T11:11:19","modified_gmt":"2025-07-16T08:11:19","slug":"sharplink-surpasses-the-ethereum-foundation-in-eth-reserves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sharplink-surpasses-the-ethereum-foundation-in-eth-reserves\/","title":{"rendered":"SharpLink surpasses the Ethereum Foundation in ETH reserves"},"content":{"rendered":"

Publicly listed SharpLink has overtaken the non-profit Ethereum Foundation by the size of its ether reserves \u2014 ~280,600 ETH versus ~241,500 ETH ($882m and $759m, respectively).<\/p>\n

<\/p>\n

\"ETH_Reserves\"
Ranking of organisations by ether on balance. Data: Strategic ETH Reserve<\/a>.\u00a0\u00a0<\/figcaption><\/figure>\n

PulseChain and Bitmine Immersion Tech rank third and fourth, with Ethereum reserves of $522m and $512m, respectively.\u00a0<\/p>\n

Between 7 and 13 July SharpLink bought 74,656 ETH<\/a> for a total of $213m at an average price of $2,852.<\/p>\n

\n

\u201cAround 280,706 ETH are on the balance sheet. Approximately 99.7% of the coins are engaged in staking or restaking. Since 2 June, income has amounted to about 415 ETH,\u201d company representatives said.<\/p>\n<\/blockquote>\n

\"Arkham\"
SharpLink Gaming\u2019s Ethereum holdings. Data: Arkham<\/a>.<\/figcaption><\/figure>\n

In aggregate, corporations hold 1.6m ETH (~$5bn); ETFs account for 4.56m ETH ($14.33bn).<\/p>\n

\"ETH_Res2\"
Ethereum reserves held by companies and ETFs. Data: Strategic ETH Reserve<\/a>.<\/figcaption><\/figure>\n

Is Ethereum back in vogue?<\/h2>\n

Over the past 24 hours the second-largest cryptocurrency has risen 6.3%. At the time of writing, the weighted average price of ether is $3,161 (levels from early February).<\/p>\n

\"CoinGecko\"
Data: CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n

For comparison, over 24 hours bitcoin rose 1.2%, trading around $118,214.<\/p>\n

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\u201cAfter two years of weak performance, ETH is attracting attention again,\u201d said Amberdata\u2019s director of derivatives Greg Magadini in a comment to Decrypt<\/a>.<\/p>\n<\/blockquote>\n

Over two years, bitcoin has gained almost 300%. Ethereum over the corresponding period has risen a \u201cmodest\u201d 60%, and is down roughly 8% since the start of the year.<\/p>\n

Magadini added that aggregate open interest in ether futures has reached a 12-month high. Similar levels were observed when the coin was around $4,000 last December.<\/p>\n

In his view, this points to capital inflows and rising market participation.<\/p>\n

An unlucky whale<\/h2>\n

According to Lookonchain, a large market participant (0x2258) opened a short on Ethereum with 18x leverage on 15 July. The unrealised loss now exceeds $3.5m.<\/p>\n

\n

Whale 0x2258 shorted $ETH<\/a> with 18x leverage yesterday and is now sitting on a $3.5M+ loss.<\/p>\n

If $ETH<\/a> breaks above $3,321.81, the position will be liquidated.https:\/\/t.co\/Xw2hDTxcg2<\/a> pic.twitter.com\/4Anp344qt7<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) July 16, 2025<\/a><\/p><\/blockquote>\n