SharpLink’s purchase of 56,533 ETH raises its corporate holdings to approximately $3.7 billion, reinforcing corporate demand for Ethereum and contributing to ETH’s quick recovery after intra-day volatility.
SharpLink adds 56,533 ETH, bringing total ETH holdings to $3.7B
Top corporate holder remains BitMine Immersion Technologies with $7.7B in ETH.
ETH trades near $4,518 after a dip to $4,300; data referenced from CoinGecko (plain text).
SharpLink buys 56,533 ETH — corporate holdings hit $3.7B and support ETH recovery; read the breakdown and insights now.
What did SharpLink buy and how much ETH does it now hold?
SharpLink purchased an additional 56,533 Ethereum (ETH) in the latest corporate acquisition, bringing its total holdings to roughly $3.7 billion. The Tuesday announcement confirms continued institutional accumulation of ETH and provides context for recent price stabilization.
Who are the largest corporate holders of Ethereum?
Corporate ownership shows concentration at the top. BitMine Immersion Technologies leads with approximately $7.7 billion in ETH. SharpLink Gaming (under Consensys CEO Joseph Lubin’s broader ecosystem) ranks among the top five, alongside Coinbase, Bit Digital, and ETHZilla.
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Corporate adoption has been a primary driver of ETH’s faster recovery following recent volatility. Institutional purchases increase on-chain demand and reduce circulating supply available to traders. Price data from CoinGecko (plain text) shows ETH trading near $4,518 after dipping to about $4,300 earlier in the session.
When corporate wallets accumulate at scale, market liquidity can tighten, amplifying rebounds after sell-offs. Short-term traders may see increased volatility, while long-term investors view large corporate holdings as an endorsement of Ethereum’s utility and network fundamentals.
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Source: https://en.coinotag.com/ethereum-recovery-could-be-supported-as-sharplink-buys-56533-eth-and-bitmine-remains-top-holder/