ETH Accumulation Frenzy: SharpLink Could Become the Largest ETH Holder

29 July 2025, 15:08 published Updated 29 July 2025, 15:08

ETH Accumulation Frenzy: Could SharpLink Surpass Bitcoin Giants?

One of the creators of SharpLink Gaming’s Ethereum treasury approach, Joe Lubin, wants his business to amass Ether for its investors as soon as feasible. This serves as a rallying cry at a time when businesses are vying for market share and ETH accumulation.

We believe that we’ll be able to accumulate more Ether — per fully diluted share — much faster than any other Ethereum-based project, or certainly faster than the Bitcoin-based projects,

Lubin

With the help of at-the-market facilities, SharpLink is increasing its Ether reserves every day. Lubin, one of Ethereum’s eight founders and the current CEO of Consensys, claims that it is simultaneously staking its present holdings in order to generate yield and strengthen its position.

Ethereum Treasury War Heats Up: Tom Lee’s BitMine vs. Lubin’s SharpLink

Tom Lee’s BitMine Immersion Tech and Lubin’s SharpLink are competing to become the top Ethereum treasury company. According to StrategicETHReserve data, Lee’s company presently holds the top spot with 566,800 ETH valued at $2.13 billion, followed by SharpLink with 360,800 ETH valued at $1.35 billion. Coinbase, Bit Digital, and Golem Foundation each have more than 100,000 ETH, while the top five are completed by Ethereum Foundation, The Ether Machine, and PulseChain.

Since it trailed Bitcoin and Solana earlier in this bull cycle, Ether has been able to catch up due to the ETH treasury adoption trend. As a result, according to CoinGecko data, ETH has increased 110% to $3,800 over the past three months, while many of its rivals have experienced modest double-digit growth.

SharpLink Considers Convertible Notes for ETH Growth

When it comes to leverage, Lubin says SharpLink intends to be cautious. A convertible note issuance, a financing strategy frequently employed by Michael Saylor’s MicroStrategy to increase its Bitcoin holdings, is one that SharpLink is investigating even though it does not yet have any leverage, he said.