SharpLink and Bitmine Lead in Corporate Ethereum Holdings

TLDR

• SharpLink holds 99.7% of its ETH assets staked.
• Bitmine Immersion’s ETH holdings exceed $2 billion.
• SharpLink raised $413 million for Ethereum treasury strategy.

In August 2025, SharpLink Gaming and Bitmine Immersion were announced as the leading public companies holding Ethereum (ETH), according to primary disclosures. The companies have strategically invested in Ethereum as a part of their corporate treasuries, positioning them at the forefront of cryptocurrency investments among publicly traded firms.

SharpLink Gaming has rebranded and expanded its focus from its initial roots in online gambling to now being a significant player in the Ethereum space. It recently appointed Joseph Chalom, formerly of BlackRock, as co-CEO and added Joseph Lubin, Ethereum co-founder, to its board. Bitmine Immersion Tech holds the largest disclosed amount of ETH, exceeding $2 billion as of July 2025.

Corporate ETH Holdings and Strategic Leadership Changes

Joseph Chalom brings his experience from BlackRock, where he led digital asset strategies, to his new role at SharpLink. Under his leadership, alongside Joseph Lubin, the company has pursued a robust Ethereum treasury strategy. This includes raising $413 million through an At-The-Market equity facility in July 2025, with plans to increase their stock sale program to $6 billion.

Such moves are indicative of SharpLink’s commitment to solidifying its place as a major Ethereum holder. Reports show that nearly all (99.7%) of its ETH assets are staked, earning approximately 722 ETH in rewards. This aggressive staking strategy aligns with industry trends of leveraging Ethereum’s staking incentives.

Bitmine Immersion’s Significant Ethereum Assets

On the other hand, Bitmine Immersion Tech’s holdings reportedly exceed $2 billion, though the specifics of their investment strategy and any recent capital allocation are undisclosed. Bitmine’s position reflects a growing trend among corporations accruing ETH as a vital treasury asset.

Both companies, along with others like Coinbase and Bit Digital, signify broader institutional participation in Ethereum. However, only SharpLink and Bitmine have major disclosures or evidence of direct ETH treasury increases during July and August 2025.

Ethereum Strategy Insights and Market Reactions

SharpLink’s transparency in reporting its ETH treasury activities promises a benchmark for investor confidence and market practices. Their proactive approach is reinforced by an official statement citing plans for periodic updates on their treasury operations.

In terms of community and thought leader feedback, responses to SharpLink’s strategic moves are actively followed on social media platforms, including X (formerly Twitter). One post by SharpLink highlights Ethereum’s 24/7 operation compared to traditional banking hours, emphasizing the versatile nature of digital assets.

Lookonchain documented these developments, underscoring the potential implications of such significant corporate ETH holdings on market dynamics.

Regulatory Compliance and Industry Perspectives

SharpLink’s move to file an amended prospectus allowing an increased stock sale ceiling indicates compliance with regulatory standards while pursuing its ETH investment strategy. The lack of adverse regulatory actions, as of August 2025, ensures that these strategic treasury shifts align with current market regulations.

SharpLink’s declared emphasis on investor transparency could set a precedent for how public companies report on digital asset holdings, further integrating cryptocurrency into traditional financial ecosystems. With industry veterans steering these developments, the increasingly visible participation of firms in crypto supports a narrative of growing legitimacy and institutional adoption of Ethereum assets.