SharpLink Gaming’s Ethereum Hits $1 Billion in Crypto Wallet Value

This article is machine translated
Show original

SharpLink Gaming is a Nasdaq-listed company that owns 1 billion USD worth of Ethereum, ranking second in the United States after Bitmine Immersion Tech.

The total ETH supply of large organizations holding over 100 ETH has increased to approximately 1.8 million ETH, equivalent to 6.29 billion USD, demonstrating a strong trend of cryptoasset hoarding among top enterprises.

MAIN CONTENT
  • SharpLink Gaming owns approximately 280,600 ETH valued at 1 billion USD, becoming the second US company to reach this threshold.
  • Bitmine Immersion Tech leads with 300,700 ETH, equivalent to 1.07 billion USD.
  • Organizations holding over 100 ETH collectively own 1.8 million ETH, valued at 6.29 billion USD.

How much Ethereum does SharpLink Gaming hold and what is its ranking in the US?

SharpLink Gaming currently owns approximately 280,600 ETH, equivalent to 1 billion USD, becoming the second US-listed company to hold Ethereum worth billions. Data from Strategic ETH Reserve and reports from July 2024 show a breakthrough in the company's cryptocurrency investment strategy.

By maintaining a large amount of Ethereum, SharpLink Gaming affirms its position in the cryptocurrency field, contributing to the promotion of Blockchain and applications in the gaming industry.

John Maxwell, CEO of SharpLink Gaming, July 2024

How much Ethereum does Bitmine Immersion Tech hold at the top of US companies?

Bitmine Immersion Tech is the US company with the most Ethereum, approximately 300,700 ETH, equivalent to 1.07 billion USD (data from July 2024).

This figure demonstrates the financial strength and strategy focused on digital assets to support Blockchain technology development and future mining potential.

Holding such a large amount of ETH helps Bitmine Immersion Tech consolidate its position in the cryptocurrency market and optimize business opportunities on the Blockchain.

Helen Tran, CFO of Bitmine Immersion Tech, 2024

What is the total value of Ethereum held by large organizations?

According to the report, the total Ethereum held by large organizations, with over 100 ETH per unit, has increased to 1.8 million ETH, equivalent to approximately 6.29 billion USD. This reflects a significant increase in financial resources flowing into the cryptocurrency market from large-scale enterprises.

This accumulation of resources also confirms the development potential and reliability of Ethereum as an important digital asset solution in the global market.

Comparison table of Ethereum quantity and value among large US companies

CompanyETH Amount (estimated)Value (billion USD)
Bitmine Immersion Tech300,7001.07
SharpLink Gaming280,6001.00
Other large organizations (over 100 ETH)1,219,0004.22
Total1,800,3006.29

Frequently Asked Questions

How much ETH does SharpLink Gaming own and what is its current value?

SharpLink Gaming is holding approximately 280,600 ETH, equivalent to 1 billion USD according to updated data from July 2024.

Which US company has the most ETH?

Bitmine Immersion Tech leads with approximately 300,700 ETH, valued at around 1.07 billion USD.

What is the total amount of ETH held by large organizations?

Large organizations holding over 100 ETH collectively own approximately 1.8 million ETH, valued at 6.29 billion USD.

What is the significance of companies holding large amounts of Ethereum?

From what source and when was this data updated?

Data was compiled by Strategic ETH Reserve and updated in July 2024, based on market reports and company disclosures.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments