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SharpLink’s $3.1B ETH Hoard Nears BitMine’s Acquisition Frenzy – Who’s Winning the Ether Arms Race?

SharpLink’s $3.1B ETH Hoard Nears BitMine’s Acquisition Frenzy – Who’s Winning the Ether Arms Race?

Author:
Coindesk
Published:
2025-08-19 13:11:47
13
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SharpLink Ether Holdings Top $3.1B, Trailing BitMine in Pace of ETH Acquisition

SharpLink just crossed the $3.1B mark in Ethereum holdings—yet still lags behind BitMine’s aggressive accumulation pace. The crypto custody wars heat up as institutional players scramble for ETH like it’s the last lifeboat off the Titanic.

Who’s Buying Faster?

BitMine’s relentless ETH grab leaves SharpLink playing catch-up. Both firms are betting big on Ethereum’s post-merge deflationary mechanics—or just front-running the next wave of Wall Street ‘crypto curious’ money.

The Fine Print

With $3.1B locked up, SharpLink’s stash could either mint generational wealth or become a cautionary tale about overconcentration. Meanwhile, TradFi bankers still think ‘Ether’ is a cleaning product.

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