Overview

• SharpLink Gaming raised $400 million through a registered direct offering and expects its ETH reserves to surpass $3 billion.
• Corporate Ethereum treasuries have exceeded $14 billion, with BitMine and SharpLink controlling roughly half of the total.
• Heavy corporate purchases alongside US spot ETF inflows have driven Ethereum’s price up 43% over the past month.
• Analysts estimate treasury firms could deploy another $27 billion into ETH, potentially pushing corporate supply toward 10% of circulation.
• Ethereum co-founder Vitalik Buterin and other experts warn that concentrated holdings, leverage and custody verification gaps could pose systemic liquidity risks.