SharpLink has acquired an additional 15,822 ETH worth $53.9 million, bringing their total ETH holdings to 480,031 ETH valued at $1.65 billion. The company spent $108.57 million in USDC over 48 hours to acquire 30,755 ETH at an average price of $3,530, with recent purchases totaling $43.09 million for 11,259 ETH at an average price of $3,828.

The Ether Machine recently purchased $57 million worth of ETH, adding 15,000 ETH to their treasury at an average price of $3,809 per ETH. With this acquisition, their holdings now stand at 334,757 ETH, making them the third-largest corporate ETH holder. The firm plans to go public under the ticker ETHM later this year.

Corporations are increasing their Ether purchases, viewing Ethereum as essential infrastructure for the digital economy. NoOnes CEO Ray Youssef emphasized Ethereum’s utility, staking yield, programmability, and regulatory alignment, attracting forward-looking companies. With 58.1% of the $13.4 billion real-world asset market, Ethereum is becoming the reserve currency for tokenized finance.

Read more at CoinTelegraph: SharpLink Buys $54M in ETH, Holdings Reach $1.65B