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**Ethereum Corporate Adoption Heats Up as Companies Buy $162 Million in ETH**
In a remarkable turn of events, companies are increasingly recognizing the importance of Ethereum (ETH) as a critical digital infrastructure, leading to an unprecedented surge in corporate adoption. As per a recent report by Trader Edge, two firms – SharpLink and The Ether Machine – have made substantial purchases totaling over $162 million in ETH.
SharpLink Gaming took center stage with its latest buying spree, acquiring 30,755 ETH worth approximately $108.57 million through multiple transactions. Notably, the largest single transfer involved the acquisition of 6,914 Ether valued at $23.56 million according to Arkham Intelligence data.
The significant increase in Ethereum treasury holdings underscores companies’ shifting perspectives on cryptocurrency investment strategies. As Ray Youssef, NoOnes CEO succinctly put it, “Companies are recognizing Ethereum as essential digital infrastructure.”
Ethereum’s utility features have become an attractive offering, with its capabilities extending beyond passive value storage to staking yields, programmability, and regulatory alignment. This shift in focus has led to Ethereum dominating the tokenized asset space, hosting a significant 58.1% of the $13.4 billion real-world asset market.
SharpLink’s acquisition spree is part of an accelerating trend where firms are viewing ETH as a reserve currency option due to its growing dominance in enterprise use cases.
Source: coincentral.com
