Coinbase Insights: SharpLink Gaming Dominates as Top Public Ethereum Holder with $1.33B Stash

SharpLink Gaming has emerged as the leading public company holding Ethereum, with a staggering 360,807 ETH worth $1.33 billion as of July 2025. Over 95% of these holdings are actively staked or deployed through liquid staking platforms, turning ethereum into a yield-generating asset. This strategic move highlights Ethereum's increasing adoption as a corporate treasury reserve, offering both value appreciation and passive income opportunities. Close behind is BitMine Immersion, holding 300,657 ETH valued at $1.11 billion, signaling a broader trend of public firms integrating crypto into their financial strategies. The growing institutional interest in Ethereum staking underscores its potential as a cornerstone of decentralized finance (DeFi) and long-term asset management. As more companies follow suit, platforms like Coinbase are poised to play a pivotal role in facilitating secure and efficient staking services for institutional clients.

SharpLink Gaming Leads Public Firms with $1.33B Ethereum Stash

SharpLink Gaming has cemented its position as the largest public holder of Ethereum, with 360,807 ETH worth $1.33 billion. Over 95% of these holdings are staked or deployed through liquid staking platforms, transforming the asset into a yield-generating reserve. The MOVE underscores Ethereum's growing role as a strategic treasury asset for corporations.

BitMine Immersion trails closely with 300,657 ETH valued at $1.11 billion. The mining firm, chaired by Fundstrat's Tom Lee, aims to control 5% of Ethereum's circulating supply—a bold bet on ETH as digital infrastructure. BitMine's NYSE listing under ticker BMNR signals mainstream acceptance of crypto-native businesses.

Coinbase Global now ranks third among public ETH holders with $507 million worth, having been overtaken by newer entrants. The reshuffling reflects how institutional crypto strategies are evolving beyond custody solutions into active capital deployment.

Block Joins S&P 500, Amplifying Bitcoin's Institutional Footprint

Jack Dorsey's Block has been added to the S&P 500 index, marking a significant milestone for Bitcoin's institutional adoption. The payments company holds 8,584 BTC—worth approximately $1 billion—making it the 13th-largest corporate holder of the cryptocurrency. Block's inclusion follows similar S&P 500 constituents Coinbase and Tesla, both of which maintain substantial Bitcoin treasuries.

The move exposes S&P 500 index investors to indirect bitcoin exposure through Block's substantial holdings. Market reaction has been immediate, with Block's NYSE-listed shares surging 14% in the past five days. The $50 trillion index now incorporates three companies with meaningful Bitcoin positions, signaling growing mainstream acceptance.

"Institutional entrance solidifies BTC's financial visibility," observed one market commentator. The development suggests conservative investors may increasingly view Bitcoin as a legitimate reserve asset. Block replaced Hess Corp after its $55 billion merger with Chevron, meeting the index's stringent market capitalization and profitability requirements.