With the latest ETH acquisition, SharpLink Gaming’s total holdings stand at 205,634 ETH as of July 4.
SharpLink Gaming Inc. (SBET) announced on Tuesday that it significantly expanded its Ethereum (ETH) treasury last week by acquiring 7,689 ETH at an average price of $2,501, bringing its total holdings to 205,634 ETH as of July 4, 2025.
The company funded these purchases through its At-The-Market (ATM) stock facility.
Following the news, SharpLink Gaming stock surged 18.8% in Tuesday afternoon trade, while Ethereum traded at $2,576, gaining 1.3% in the last 24 hours.
The company said it generated approximately $64 million through its ATM share sales between June 28 and July 4, allocating roughly $37.2 million of the proceeds toward ETH acquisitions.
SharpLink also clarified that all of its ETH reserves are fully staked or re-staked across yield-generating protocols. It highlighted that last week’s activity generated approximately 100 ETH in rewards, bringing the total staking income to 322 ETH since June 2.
This follows earlier staking earnings of 222 ETH. The company recently introduced an “ETH Concentration” figure to convey its ETH exposure adjusted per 1,000 diluted shares outstanding.
This measure increased from 2.00 ETH to 2.37 ETH, a 19% rise over just three weeks, underscoring SharpLink’s growing digital asset stake.
SharpLink has secured over 200,000 ETH so far. Its strategic focus underscores a belief in Ethereum’s role as programmable, yield-bearing capital.
Joseph Lubin, Ethereum co-founder and chairman of SharpLink, said that the enhancements to the company’s asset strategy are aimed at driving long-term value for investors.
SharpLink Gaming held $1.4 million in cash and equivalents as of the end of December.
On Stocktwits, retail sentiment towards SharpLink Gaming remained in ‘extremely bullish’ territory amid ‘high’ levels of message volume.
SharpLink Gaming stock has gained over 95% year-to-date and has more than doubled in the past 12 months.
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