TLDR
- SharpLink buys 83,561 ETH for $304 million, raising total holdings to 521,939 ETH.
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SharpLink now ranks second in Ethereum holdings with over 521,000 ETH.
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The company’s total ETH holdings are worth more than $1.9 billion as of August 3.
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SharpLink has earned 929 ETH in staking rewards, totaling $3.4 million.
SharpLink Gaming, a Nasdaq-listed gaming and software firm, has continued its aggressive Ethereum (ETH) acquisition strategy. On August 3, 2025, the company disclosed the purchase of 83,561 ETH, valued at $304 million, marking a significant increase in its total Ethereum holdings. This brings SharpLink’s total ETH stash to 521,939 ETH, currently valued at over $1.9 billion. The new acquisition was made between July 28 and August 3 at an average price of $3,634 per Ether.
The funds for this purchase were raised through SharpLink’s ongoing at-the-market facility. SharpLink’s strategy, which began in June 2025, aims to establish the company as a leading holder of Ethereum. The firm has been raising capital through public stock offerings, with a recent sale of 13.6 million shares generating $264.5 million in net proceeds. This is part of a broader strategy to accumulate more Ethereum while exploring other capital formation opportunities, such as debt or equity-linked offerings.
SharpLink Growing Ethereum Holdings and Strategy
With its latest acquisition, SharpLink continues to solidify its position as one of the largest holders of Ethereum among corporate entities. The company currently holds the second-largest amount of ETH among known treasury entities. The top holder is BitMine Immersion Technologies, which owns 833,000 ETH, while SharpLink follows with 521,939 ETH. This aggressive accumulation puts SharpLink ahead of other large holders, including the Ethereum Foundation, which holds 232,600 ETH.
SharpLink’s decision to stake all of its Ethereum holdings further strengthens its position within the ecosystem. By fully staking its ETH, the company benefits from Ethereum’s proof-of-stake consensus mechanism. Since beginning this strategy, SharpLink has earned 929 ETH in staking rewards, which currently have a value of over $3.3 million. These rewards play a key role in increasing the overall value of the company’s ETH holdings.
SharpLink’s leadership, including co-CEO Joseph Chalom and Chairman Joe Lubin, is committed to ensuring that its ETH accumulation strategy enhances shareholder value. “We remain deeply committed to creating enduring shareholder value,” Chalom stated in a recent release. The company’s “ETH Concentration” metric, which measures ETH holdings per share, has risen by 83% since the launch of the treasury strategy, indicating the growing effectiveness of this strategy.
Ethereum Treasury Holdings and Market Impact
As of the latest filings, SharpLink’s Ethereum holdings position the company as a major player in the market for Ethereum treasury entities. In addition to SharpLink, other companies, including BitMine and The Ether Machine, are also aggressively acquiring ETH. While BitMine holds the largest stash, SharpLink ranks second, a key milestone in the rapidly growing market for corporate Ethereum holdings.
The ongoing trend of corporate acquisitions of Ethereum reflects the increasing adoption of Ethereum’s blockchain and proof-of-stake system. This trend signals greater confidence in the future role of Ethereum within decentralized finance (DeFi). SharpLink’s strategy to build its treasury reflects a broader movement within the corporate world to leverage blockchain assets as a long-term investment.
SharpLink is also exploring additional opportunities to optimize its capital structure and enhance its position as a leading ETH holder. The company’s ability to raise funds through stock offerings has been a critical factor in fueling its treasury growth. By expanding its holdings and generating income from staking rewards, SharpLink is positioning itself for sustained growth in the Ethereum market.
