Over the weekend, the US Ethereum reserve company SharpLink did not rest, aggressively purchasing over 77,000 ETH, bringing its total holdings to 438,000 ETH, consolidating its position as the second-largest Ethereum holding enterprise globally. Now, the competition among ETH reserve companies is intense, not only comparing who buys more but also focusing on which company has personal endorsements and genuine financial backing.
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ToggleSharpLink Buys 7.7 ETH Again, Securely Sits on Second Place Throne
SharpLink ($SBET) announced its entry into the Ethereum (ETH) strategic reserve company at the end of May. Today's on-chain data indicates that the company has purchased an additional 77,210 ETH (approximately $295 million), bringing its total ETH holdings to 438,017 ETH (approximately $1.69 billion).
It is understood that this batch of ETH was apparently purchased through a collaboration with Galaxy Digital, with funds first flowing from SharpLink to Galaxy, which then withdrew from Binance and transferred ETH to SharpLink's main wallet. Galaxy Digital has also recently successfully assisted "Satoshi-era" investors in selling over 80,000 BTC, with a market value of over $9 billion.
Currently, SharpLink's 438,000 ETH still ranks second, just behind BitMine ($BMNR)'s 566,000 ETH (approximately $2.18 billion), collectively occupying 0.83% of the total circulating supply. Both companies' stock prices have faced declines of 11.3% and 31.2% respectively within the past five days.
(Crypto and Wall Street Perform Together, Is Ethereum's MicroStrategy SharpLink or BitMine?)
Ethereum Reserve Company Competition Intensifies: Who Endorses, Who Stands Platform Becomes Focus
A few days ago, SharpLink announced hiring Joseph Chalom, former digital asset strategy head at BlackRock, as co-CEO to enhance institutional procurement model and regulatory operation familiarity, shaping a strategic Ethereum layout through collaboration between traditional finance and crypto giants.
Previously, he led the launch of landmark products such as the Ethereum spot ETF (ETHA), Bitcoin spot ETF (IBIT), and US Treasury fund (BUIDL). Among these, ETHA's scale benefited from massive capital inflows, doubling from $5 billion to $10 billion in just 10 days, becoming the third-fastest globally to break through the $10 billion asset mark.
Recently, competitor Bitmine, backed by renowned Wall Street analyst Tom Lee, not only attracted personal investment from Silicon Valley investor Peter Thiel and his Founders Fund but also successfully secured endorsement from ARK Invest CEO Cathie Wood. SharpLink's move can be seen as a response to Bitmine.
Ethereum: New Digital Economic Reserve Asset or Institutional Cash-Out Tool?
Recent comments about Ethereum across various sectors are overwhelmingly positive, including traditional institutions' embrace leading to widespread adoption and demand exceeding supply becoming a perpetual mechanism for price increase.
However, worryingly, despite capital inflows of hundreds of millions of dollars, the token price has not seen a significant boost. Instead, the stock targets being hyped quickly fall after rising, highlighting that these reserve companies may not be acquiring tokens from the market but have become cash-out tools for early token holders like venture capital firms and crypto funds to sell their crypto assets through stocks.
Risk Warning
Cryptocurrency investment carries high risk, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
Led by Cathie Wood, ARK Investment made a significant bet on stablecoin issuer Circle's IPO, and with previous holdings in Coinbase, Block, Robinhood, and Palantir performing excellently, it has once again become a focus for investors. Chunghwa Trust Investment Management partnered with ARK Investment to create Taiwan's first overseas stock active ETF 00983A, launched at 10 yuan on 6/18, with the current market price at 11.13, allowing Taiwanese investors to own stocks of multiple US tech startups at once.
ToggleTrump and the Federal Reserve's Stimulus Will Drive the Stock Market to Peak at Year-End
Ark Invest CEO Cathie Wood is optimistic about this year's stock market performance. Although the United States is experiencing some uncertainty related to government transition, this uncertainty and economic activity weakness will provide stimulus space for the Trump administration and the Federal Reserve. She believes the United States will enter an unexpectedly strong period and expects the market to recover by the end of the year, with the stock market showing a very positive performance.
Ark Invest Dedicated to Investing in Disruptive Innovation
Ark Invest has focused on truly disruptive innovation for many years and has a scoring system that includes both financial and non-financial aspects, such as whether the company has a visionary leadership, whether the product has high technical barriers, social impact, and investment theme risks (government regulation, barriers to new technology development).
Ark Invest focuses on five current innovation platforms, including artificial intelligence, Block technology, energy storage, gene sequencing, and robotics technology. They believe that the biggest opportunity for investors in the coming years will be the convergence of these technologies, which will expand to $8 to $10 trillion in revenue opportunities and generate significant cash flow in the following years.
For example, the fusion of artificial intelligence and gene sequencing technology allows people to detect mutations earlier and cure diseases. There are also opportunities like AI space exploration, as SpaceX and other companies launch satellites into space, creating opportunities for global airborne and maritime broadband connections, which will fund Mars missions. In the future, humanoid robots could be used to perform checks for humans. Wood even predicts that perhaps in 20 or 30 years, humans will colonize Mars, as Musk said!
00983A Chinatrust ARK Innovation Active ETF
The 00983A, jointly launched by Chinatrust Investment Trust and Ark Invest, adopts an open-ended active ETF structure, investing in US-listed companies. Chinatrust Investment Trust executes active stock selection and risk control operations, with Ark Investment Management serving as an overseas consultant. Focusing on five major areas: energy storage, Block technology, artificial intelligence, gene sequencing, and robotics, they hope to capture high-growth targets not yet included in mainstream indices through ARK's in-depth research capabilities and Chinatrust's local execution advantages.
The advantages of an active ETF include high transparency, low fees, and high liquidity. It can actively select stocks, flexibly adjust, and strive to pursue potential excess returns. Active exchange-traded funds must disclose their actual investment portfolio to the market daily, and investors can buy and sell at any time in the open market, ensuring high transparency.
00983A was launched at 10 dollars on 6/18 and is currently trading at 11.13. Ark Invest made a big bet on Circle's IPO this year, and previous holdings like Coinbase, Block, Robinhood, and Palantir have performed excellently, once again becoming the focus of investors. 00983A allows investors to own products from many US tech startups at once, and it remains to be seen whether it can continue to achieve good results in the future.
Risk Warning
Crypto investments carry high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
