Ethereum Reserves Soar to $6B: Bitcoin’s Reign Ends, ETH Takes Over!

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It seems Ethereum can’t stop making headlines lately, as big corporations and institutions scramble to stack Ether like it’s going out of style. Meanwhile, Ethereum ETFs are smashing records left and right, hinting at an institutional love affair that’s just getting started. Oh, how the mighty have shifted.

Sharplink Gets Bold, Buys Even More Ether

SharpLink Gaming, that cheeky company with ties to Ethereum co-founder Joseph Lubin, is practically throwing its chips all in on Ether. The latest drama? They’re not just boosting their stock offering—no, no, they’ve decided to go from $1 billion to a staggering $6 billion. Guess what they plan to do with the extra cash? You guessed it: buy even more Ether. Because why not?

BREAKING

SHARPLINK $SBET TO BUY $5 BILLION IN $ETH EQUAL TO 1,436,000 ETH

THAT’S OVER TWO YEARS WORTH OF NEW ETHEREUM SUPPLY. ABSOLUTELY MASSIVE.

— DustyBC Crypto (@TheDustyBC) July 18, 2025

Not stopping there, SharpLink added another 32,892 ETH to its stash, worth $115 million. And between June 2 and July 15, the company raked in 415 ETH—$1.49 million, to be exact—from staking rewards. Over the past nine days, SharpLink has managed to sneak another $515 million worth of Ether into its treasury. So, just a casual $515 million. Nothing too dramatic.

En-route to our first stop:

1,000,000 $ETH

— SBET (SharpLink Gaming) (@SharpLinkGaming) July 17, 2025

Now, with a treasure chest of over 321,000 ETH—around $1.1 billion—SharpLink’s strategy has become one of the most audacious corporate moves in Ethereum history. Bold? Absolutely. Ridiculous? Definitely.

More and more companies are abandoning Bitcoin’s dusty old ways and jumping into the Ethereum pool. In the past month, treasury-focused companies have snatched up more than 545,000 ETH worth a cool $1.6 billion. And just like that, Ethereum reserves have hit a record $6 billion. Who says the future isn’t now?

Bitmine Aims for 5% of All ETH—Because Why Not?

Bitmine Immersion Technologies is on a mission—an ambitious one, no less. It holds over $1 billion in ETH and ETH-related assets, including 300,657 ETH and a juicy 60,000 ETH in options, backed by $200 million in cash. Bitmine’s Thomas Lee isn’t shy about his goals: “We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply.” Yep, 5% of the whole damn thing. Just a small target.

Gamesquare Gets In on the ETH Gold Rush

Not wanting to be left out, Gamesquare has raised $70 million in a public offering. The plan? Pour those funds into expanding its Ethereum treasury, naturally. Partnering with crypto investment firm Dialectic, Gamesquare is also pushing ahead with a $100 million strategy to grow its ETH stash. Because you can never have enough Ether, apparently.

We have a *new* daily inflow record for iShares Ethereum ETF…

Nearly $550mil.

Back-to-back record days.

Now 10-day inflow streak. $2.1bil.

— Nate Geraci (@NateGeraci) July 18, 2025

Ethereum ETFs Hit New Highs, Literally

In case you haven’t noticed, Ethereum ETFs are on fire. Yesterday, they hit a record $6 billion in total inflows, with BlackRock’s ETHA leading the pack with a cool $546 million. Since mid-April, these spot Ethereum ETFs have pulled in over $4 billion in net inflows. Talk about an institutional love affair. Ethereum’s current price stands at $3,605.17, up 4.8% in the last 24 hours. Make room for the new king of crypto.

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2025-07-18 13:28