Ethereum (ETH) Important Signal: SharpLink has purchased 5,188 ETH again, the reason for the tech company's large reserves has been found.

Ethereum (ETH) is currently reported at around 3140 USD during the Asian early session today (16), with strong long positions. SharpLink Gaming has once again purchased 5,188 ETH, bringing its total holdings to 300,000 coins. Ray Youssef, CEO of the financial application NoOnes, stated that an increasing number of companies view Ethereum as a key infrastructure, driving a surge in ETH allocation in corporate funds.

According to reports from Yu Jin, SharpLink Gaming's acquisition activities are ongoing. The institution has once again purchased 5,188 ETH (approximately 15.86 million USD) through CEX. Since the beginning of June, SharpLink Gaming has accumulated a total of 300,000 ETH using the Strategy company's Bitcoin reserve model, with an average purchase price of approximately 2,701 USD, and the current floating profit has reached 130.9 million USD.

Youssef stated, "Ethereum is starting to look like a hybrid of tech stocks and cryptocurrencies, which is very attractive for corporate financial strategists seeking solutions that go beyond passive storage."

In the past month, top corporate finance departments have purchased at least $1.6 billion worth of ETH. On Monday, BitMine, chaired by Tom Lee of Fundstrat, disclosed that it holds 163,142 ETH, valued at approximately $480 million.

SharpLink Gaming, founded by Ethereum co-founder Joseph Lubin, is currently the company with the highest holdings of ETH, with over 280,000 ETH as of Sunday, worth over $840 million. The company has been buying ETH in large quantities in recent days.

Other notable companies involved include Bit Digital, which holds over 100,000 ETH, and Blockchain Technology Consensus Solutions (BTCS), which increased its total ETH holdings to 29,122 ETH after successfully raising $62.4 million. In addition, GameSquare recently announced plans to establish a $100 million ETH treasury.

Youssef believes that this shift indicates that utility factors are gradually becoming on par with narrative factors in influencing the choices of financial institutions.

"Bitcoin has long been regarded as the digital gold standard, but Ethereum is gradually gaining favor among institutions looking to balance their balance sheets through networks that promote tokenized finance."

The yield from staking and compliance have enhanced the institutional appeal of ETH

Youssef stated that the staking yield of ETH, its flexible programmability, and its regulatory-friendly roadmap make Ethereum more attractive to forward-thinking companies, especially those already participating in the digital economy.

He also predicts that the influence of Ethereum will continue to expand: "Ethereum is increasingly becoming the primary digital platform for tokenized assets, stablecoins, and smart contracts, becoming the reserve cryptocurrency of choice for enterprises in the field."

Most of today's stablecoins and protocols related to real-world assets (RWA) are built on Ethereum or chains compatible with Ethereum.

According to data from RWA.xyz, Ether leads the RWA market with 315 projects and a total value of $7.76 billion, accounting for 58.1% of the market share. In second place is Ethereum's Layer 2 (L2) solution ZKsync Era, with 37 projects and a total value of $2.27 billion, accounting for nearly 17% of the market share.

Solana ranks third with a total of 79 projects, a total value of 553.8 million USD, accounting for 4.15% of the market share, but it has the fastest growth rate at 22.28%.

(Source: RWA. xyz)

Youssef believes that Ethereum's dominant position in tokenizing U.S. Treasury bonds marks the beginning of a broader wave of adoption for on-chain financial products such as debt, stocks, and yield generators.

He said, "Ethereum provides the standards and liquidity needed for these financial tools to thrive."

Regulations and laws remain the main obstacle

However, Youssef also pointed out that the lack of legal clarity remains a major barrier for enterprises to adopt ETH for financial purposes.

He emphasized the need for more specific guidance on how to classify Staking—whether Staking is considered a service, a security, or another form of asset.

For large enterprises participating, they also need to clarify the tax treatment of accounting, equity rewards, and the custody standards of digital assets.

Youssef asserted: "Large enterprises often act slowly because they cannot bear ambiguous legal risks. But once these factors are clarified, the adoption process will accelerate significantly."