{"id":25322,"date":"2025-07-15T10:35:36","date_gmt":"2025-07-15T07:35:36","guid":{"rendered":"https:\/\/forklog.com\/en\/public-companies-increase-ethereum-purchases-amid-market-rally\/"},"modified":"2025-07-15T10:35:36","modified_gmt":"2025-07-15T07:35:36","slug":"public-companies-increase-ethereum-purchases-amid-market-rally","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/public-companies-increase-ethereum-purchases-amid-market-rally\/","title":{"rendered":"Public Companies Increase Ethereum Purchases Amid Market Rally"},"content":{"rendered":"

Public companies SharpLink and Bit Digital continue to accumulate Ethereum. The former acquired<\/a> another batch of coins, while the latter will raise<\/a> $67.3 million for new purchases.<\/p>\n

On July 14, SharpLink purchased 24,371 ETH worth approximately $73.25 million. According to Arkham, the funds were transferred to Coinbase Prime.<\/p>\n

\"Screenshot
Data: Arkham.<\/figcaption><\/figure>\n

This purchase is part of a strategy to increase reserves. In the last week of July alone, the company acquired over 50,000 ETH worth more than $73 million.<\/p>\n

\"Screenshot
Largest corporate Ethereum holdings. Data: Strategic ETH Reserve<\/a>.<\/figcaption><\/figure>\n

SharpLink began building its Ethereum treasury at the end of May, following a $425 million investment<\/a> led by ConsenSys.<\/p>\n

After the deal, ConsenSys CEO and Ethereum co-founder Joseph Lubin took over as chairman of SharpLink’s board.<\/p>\n

Bit Digital and ETH<\/h2>\n

The Nasdaq-listed miner will raise $67.3 million to purchase Ethereum. The firm will issue 22 million ordinary shares at $3.06 each to institutional investors.<\/p>\n

B. Riley Securities will underwrite the deal, with the offering expected to close on July 15.<\/p>\n

\n

“The company intends to use the net proceeds from the proposed offering to purchase Ethereum,” the statement said.<\/em><\/p>\n<\/blockquote>\n

Previously, Bit Digital fully converted<\/a> its Bitcoin reserves into Ethereum. The company holds 100,603 ETH valued at approximately $299 million.<\/p>\n

According to a report<\/a> for the SEC<\/span>, preliminary revenue for the second quarter will range from $24.3 million to $26.9 million.<\/p>\n

Market Situation<\/h2>\n

The companies’ actions occur amid a rise in Ethereum’s price. On July 11, the second-largest cryptocurrency by market capitalization surpassed the $3000 mark<\/a> for the first time since February. At the time of writing, the asset is trading near $2986 (CoinGecko<\/a>).<\/p>\n

Corporate purchases coincide with an influx of funds into institutional Ethereum-based products. According to CoinShares, inflows totaled $990 million<\/a> last week, marking the fourth-largest weekly figure in history. Positive momentum has been observed for 12 consecutive weeks.<\/p>\n

Earlier, on July 10, SharpLink acquired 10,000 ETH<\/a> from the Ethereum Foundation in a private over-the-counter deal worth $25.7 million.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Public companies SharpLink and Bit Digital continue to accumulate Ethereum. The former acquired another batch of coins, while the latter will raise $67.3 million for new purchases. On July 14, SharpLink purchased 24,371 ETH worth approximately $73.25 million. According to Arkham, the funds were transferred to Coinbase Prime. Data: Arkham. This purchase is part of […]<\/p>\n","protected":false},"author":1,"featured_media":25321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-25322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25322"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25321"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}