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SharpLink Gaming Stuns Crypto World: Dethrones Ethereum Foundation as Top ETH Whale

SharpLink Gaming Stuns Crypto World: Dethrones Ethereum Foundation as Top ETH Whale

Author:
CoindeskEN
Published:
2025-07-15 15:31:18
22
1

SharpLink Gaming Overtakes Ethereum Foundation as Largest Corporate Holder of ETH

Move over, Ethereum Foundation—there's a new alpha whale in town. SharpLink Gaming just flipped the script by amassing more ETH than the very organization that created it. Talk about a plot twist even DeFi degens didn't see coming.

How a gaming company outmaneuvered crypto's old guard

No fancy roadmap or 'building for the ecosystem' here. SharpLink went full Wall Street on this play—accumulating ETH like a hedge fund loading up on meme stocks. Their treasury now holds more of Ethereum's native token than the foundation's war chest. Ironic, considering the foundation still pays salaries in fiat.

The ultimate flex? Doing it without a single tweet about 'decentralization theater.' Maybe next they'll start staking their stack and actually earn yield—unlike certain nonprofits sitting on nine-figure token reserves.

|Square

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