Sharplink Gaming: 2nd Largest Institutional ETH Holder

11 July, 2025, 05:29 PM

Sharplink Gaming (Nasdaq), a publicly traded company, has emerged as the second-largest institutional holder of Ethereum (ETH), according to on-chain analyst ai_9684xtpa on X. This strategic move underscores a growing trend of institutional investment in cryptocurrency. Sharplink currently holds approximately 200,000 ETH, placing them behind only the Ethereum Foundation (243,000 ETH) in terms of institutional ETH holdings. PulseChain (166,000 ETH) and Coinbase (137,000 ETH) follow Sharplink in the rankings. Sharplink Gaming's decision to strategically stockpile ETH signals a strong belief in the long-term potential of Ethereum and its ecosystem. This news highlights the increasing acceptance of crypto by publicly traded companies and may encourage further institutional investment in the space. ```