TLDR
- SharpLink picks up nearly $80k ETH.
- MARA Holding raises nearly a billion dollars to buy BTC.
- BTCS increased its holdings to around 70k ETH.
- Metaplanet bought over 700 BTC, now holds around $2 billion worth.
The hits keep coming. Crypto has become big business. And over the last week, business has been really good. From gaming companies loading up on Ethereum to mining giants raising nearly a billion dollars for more Bitcoin, the institutional crypto buying spree is reaching fever pitch.
The underlying theme is that we’re still in a transitional phase where institutional capital is still finding its footing in the crypto space. Let’s get after it.
The Big Players Making Big Moves
The following buys are going to make your head spin. Better buckle up for this ride.
SharpLink’s Ethereum Shopping Spree
SharpLink Gaming just had its biggest Ethereum buying week ever, scooping up nearly 80,000 ETH in a single week. That’s roughly $258 million worth of Ethereum at current prices. Their total stash now sits at 360,807 ETH, making them the world’s largest corporate holder of Ethereum.
However, what makes this interesting is that they’re not just buying and holding. They’re also staking their Ethereum, which means they’re earning rewards on their holdings. Since June, they’ve generated 567 ETH (around $2 million) in staking rewards – that’s free money for doing essentially nothing.
MARA Holdings Raises Nearly $1 Billion
MARA Holdings, one of the biggest Bitcoin mining companies, just closed a whopping $950 million fundraising round.
Almost all of that money? It’s being used to buy more Bitcoin. They’re so confident in Bitcoin’s future that they’re willing to borrow nearly a billion dollars to buy more of it.
BTCS Crosses the $270 Million Mark
Another company, BTCS, just boosted its Ethereum holdings to over 70,000 ETH, worth about $270 million. We’ve never covered them before. But they’ve got our attention now.
What’s particularly noteworthy is how they’re funding these purchases — through a mix of traditional financing and newer DeFi methods.
Metaplanet’s $2 Billion Bitcoin Bet
If you stop by the Dypto Crypto news room often, you know that Metaplanet is no stranger to us. They get coverage on our beat all the time.
Metaplanet added another 780 Bitcoin to their collection, bringing their total holdings to over $2 billion worth of BTC. They started this strategy in April 2024 and have been aggressively accumulating ever since.
Why Are Companies Buying So Much Crypto Right Now?
You might be thinking, “Why are these companies putting so much money into crypto instead of, you know, running their businesses?” Great question. Here are the main reasons:
Hedging Against Inflation
Traditional cash loses value over time due to inflation. Companies are increasingly viewing Bitcoin and Ethereum as better stores of value than keeping millions in bank accounts earning tiny interest rates.
Growth Potential
These companies believe cryptocurrencies will become more valuable over time. By buying now, they’re positioning themselves to benefit from potential future price increases.
Diversification
How many shares of Amazon or SPY does a company really need on its books?
Companies are diversifying their treasuries beyond traditional assets like bonds and cash.
Regulatory Clarity
The recent signing of the GENIUS Act has provided clearer rules for how companies can use cryptocurrencies. This regulatory certainty makes it easier for corporations to justify large crypto investments to their shareholders.
But What About DeFi?
To be honest, we feel a bit bad for DeFi right now. There are some great things going on over there, but other news, like companies buying up hundreds of millions of dollars worth of ETH, BTC, and SOL — are stealing the headlines, even here at Dypto Crypto.
DeFi is doing great. It’s slowly approaching ATHs once again, and the graph from DeFi Llama keeps looking juicier and juicier.
Ethereum is still holding on to the lion’s share of TVL, with Solana and BNB in a distant second and third, respectively. But from what we’ve seen, we wouldn’t be surprised if those other two chains start to play a fun game of catch-up.
Crypto Beginner Takeaways
If you’re new to crypto, these corporate moves send several important signals:
Legitimacy Is Growing
When publicly traded companies put billions of dollars into cryptocurrencies, it’s a strong vote of confidence. These aren’t small startups making risky bets — these are established companies with shareholders, boards of directors, and strict financial oversight.
The Infrastructure Is Maturing
Companies like BTCS are buying crypto – but more than anything — they’re building infrastructure around it. They’re running staking operations, participating in blockchain networks, and developing new ways to generate returns from crypto holdings. To us, that’s the most exciting part.
Institutional Adoption Is Accelerating
The more companies that add crypto to their balance sheets, the more normal it becomes. What happens when crypto becomes “normal”? This:
- Better regulatory frameworks
- More secure custody solutions
- Increased market stability
- Greater mainstream acceptance
Welcome to Crypto — The Industry That Is Actually Getting Crazier as It Becomes More “Normal”
Whether you’re motivated by these corporate moves or just curious about cryptocurrency in general, the key is to start with education. The crypto space can seem overwhelming, crazy, even downright bonkers. But breaking it down into digestible pieces makes it much more manageable.
Consider exploring beginner-friendly platforms that offer educational resources alongside simple buying and selling tools. We’re talking about us, by the way. But there are others out there that are just as good (they wish).
Every crypto investor started as a beginner. The companies making headlines today started their journeys with their first purchase, just like you will. They’ve scaled up their operations — but the fundamental principles of secure storage, understanding what you’re buying, and only investing what you can afford to lose remain the same whether you’re buying $100 or $100 million worth of crypto.
The institutional crypto wave is here…and abundant. While you don’t need to follow these companies’ exact strategies, their confidence in the space might just be the encouragement you need to start your own crypto education journey.
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