Strategy’s Bitcoin Holdings Surpass 600,000 BTC

TRON is strengthening its position as the leader in the stablecoin market.

Currently, it hosts more than half of all $USDT in circulation, processing over $600 billion monthly.

The network ranks second in terms of daily active users and transaction volume, as well as in recorded all-time high (ATH) revenue—thanks to upgrades, integrations, and gas-free transfers.

SharpLink Gaming (Nasdaq: SBET) Now Holds the Largest Corporate Ethereum Reserve, Surpassing Ethereum Foundation

SharpLink Gaming, a Nasdaq-listed company under the ticker SBET, has announced that it currently holds the largest corporate treasury of Ethereum, with 280,706 ETH (worth approximately $840 million at current prices). This positions the company ahead of the Ethereum Foundation, whose publicly known reserves amount to around $665 million.

Background and Strategic Shift
Originally a marketing provider for online gambling platforms, SharpLink underwent a significant transformation in 2024, shifting its focus to cryptocurrency accumulation—specifically Ethereum. The move mirrors the Bitcoin-focused treasury strategy popularized by Michael Saylor’s MicroStrategy but applies it to ETH instead.

A pivotal moment in this transition was the appointment of Joseph Lubin, co-founder of Ethereum and CEO of Consensys, as Chairman of SharpLink’s Board of Directors. Consensys, a key player in Ethereum’s ecosystem, is the developer behind MetaMask and multiple blockchain infrastructure projects.

Recent Ethereum Purchases and Funding
Last week, SharpLink acquired an additional 74,656 ETH at an average price of $2,852 per token. Notably, 10,000 ETH were purchased directly from the Ethereum Foundation, signaling a rare transaction between a corporate entity and the nonprofit organization.

To finance these acquisitions, SharpLink issued over 24 million new shares, raising $413 million. Of this amount, $257 million remains reserved for further Ethereum purchases.

Staking and Institutional Backing
The company has deployed its ETH holdings into staking and restaking protocols, generating 415 ETH in rewards since June. This approach not only secures passive income but also aligns with Ethereum’s proof-of-stake ecosystem.

SharpLink’s strategic pivot has attracted investment from prominent crypto-focused institutions, including:

▪️Pantera Capital

▪️Galaxy Digital

▪️Electric Capital

▪️Ondo Finance (an RWA project)

▪️GSR (a leading market maker)

Market Implications
SharpLink’s aggressive accumulation of Ethereum highlights a growing trend of public companies diversifying into crypto reserves. By holding 0.23% of all ETH in circulation, the firm has become a significant stakeholder in the Ethereum network—even surpassing the Ethereum Foundation’s known reserves.

This development raises questions about:

Long-term ETH supply dynamics, as large-scale corporate holdings reduce liquid supply.

Regulatory considerations, particularly around staking and securities compliance.

Institutional adoption, as more traditional firms explore Ethereum as a treasury asset.

Conclusion
SharpLink’s transformation from a gambling marketing firm to a major Ethereum holder underscores the expanding intersection of traditional finance and blockchain. With backing from key industry players like Consensys and a clear accumulation strategy, the company is positioning itself as a pioneer in corporate Ethereum reserves—a space previously dominated by Bitcoin-focused treasuries.

The full implications of this shift will unfold in the coming months, particularly as regulatory frameworks evolve and institutional interest in ETH grows.

As Bitcoin Hype Peaks, Traders Increasingly Shift Focus to ETH and Altseason – Santiment

Analysts at Santiment report a notable surge in trader discussions around Ethereum and altcoins, suggesting growing anticipation of an impending altseason following Bitcoin’s recent all-time highs.

Avalon Labs Joins Bitcoin for Corporations (BFC) Alliance as Executive Member

Avalon Labs has officially announced its membership in the Bitcoin for Corporations (BFC) alliance, a strategic initiative co-founded by MicroStrategy and Bitcoin Magazine to accelerate corporate Bitcoin adoption worldwide.

The vast majority of TVL in DeFi is concentrated on Ethereum.

An unknown whale purchased 76 CryptoPunks NFTs for $13,500,000 on OpenSea.

“What does BTC do? It’s simple. It allows anyone in the world to send and receive money using just a computer and an internet connection. Anyone can add a record to the distributed ledger by sending their bitcoin to someone else. BTC is the world’s first universally accessible public money.”

Trump posted “the best explanation of Bitcoin.”

BNB reached a new all-time high above $800, hitting around $804. The rally is attributed to institutional buying and a drop in supply due to Binance's periodic coin burns — according to Binance and CoinCentral.

JPMorgan reports a massive surge in crypto inflows, with $60 billion flowing into digital assets over the past 12 months, surpassing private equity investments. This highlights growing institutional interest and a shift in capital allocation strategies.

📈 Is the NFT market coming back to life?

The NFT sector is showing rapid growth. The total market capitalization has reached a local high of $7 billion, gaining approximately +17% in just a few days.

A key catalyst was the massive CryptoPunks sweep: one anonymous buyer purchased 45 NFTs for 2,082 ETH (~$5.87 million), giving a strong boost to the entire segment.

📊 Trading Volume

The total trading volume across all blockchains has reached a six-month high of $193 million, even before the end of the week.

Ethereum remains the leader, with volume rising to $142.5 million, up from just $18 million three weeks ago.

Blockchain share over the past week:

Ethereum — $142.5M — 73.61%
Bitcoin — $13.5M — 6.97%
Solana — $9.4M — 4.86%
BNB — $9.1M — 4.7%
Polygon — $8.7M — 4.49%
Others — $10.4M — 5.37%

🖼 Top NFT Collections by Volume:

Pudgy Penguins continue gaining momentum, boosted by the growth of the PENGU token, the launch of the Abstract gaming platform, and increasing attention from major players. Companies like Coinbase, Binance, OKX, BitMEX, and Trust Wallet have all updated their profile avatars with PFPs from the collection — adding to the hype.

Collection distribution:

CryptoPunks — 25.45%
Pudgy Penguins — 19.31%
Bored Ape Yacht Club — 7.09%
Moonbirds — 6.21%
Lil Pudgys — 5.35%
Milady Maker — 2.59%
Mutant Ape Yacht Club — 2.59%
Azuki — 2.58%
Fidenza by Tyler Hobbs — 2.08%
Doodles — 1.54%
Others — 25.21%

🔖 What’s Next?

This growth is fueled not only by hype but also by macro trends. Record-breaking inflows into Ethereum ETFs have strengthened the network's position, which positively impacts NFTs — most of which are built on Ethereum.

The current trend indicates a renewed interest in NFTs, but for it to become sustainable, consistent volume and support from major players are essential. Whether the sector will repeat the explosive success of 2021 or evolve into something new — time will tell.

Justin Sun’s TRON Inc. was officially listed on NASDAQ today, marking a significant milestone for the blockchain company and its presence in traditional financial markets.