In a bold move that has sent shockwaves through the cryptocurrency market, SharpLink Gaming (Nasdaq: SBET) has aggressively expanded its Ethereum holdings, acquiring 77,209.58 ETH in just one week. This strategic accumulation has not only boosted their treasury to a staggering $1.33 billion but also triggered an incredible 110.73% stock surge. Let’s dive into the details of this groundbreaking development in today’s Ethereum news.
SharpLink Gaming’s Ethereum Strategy: A Game Changer?
The company’s recent spending spree saw them invest approximately $290 million in Ethereum purchases between July 21-27, 2025. This brings their total ETH holdings to 438,190 – a remarkable 21% increase from the previous week. What makes this story particularly compelling is how SharpLink has funded these purchases:
- Utilized an at-the-market (ATM) share issuance facility
- Raised $279.2 million in net proceeds during the same period
- Issued over 10.8 million shares in one week
- Accumulated $850 million via ATM issuance since July began
How Does SharpLink’s Ethereum Treasury Compare?
SharpLink now controls the largest public Ethereum treasury, with some impressive statistics:
| Metric | Value |
|---|---|
| Total ETH Holdings | 438,190 ETH |
| Treasury Value | $1.33 billion |
| Percentage Staked | Over 95% |
| Staking Rewards (Weekly) | 0.2K ETH |
| Cumulative Staking Rewards | 722 ETH |
What’s Driving SharpLink’s Stock Surge?
The company’s stock price has experienced a meteoric rise, climbing 110.73% month-to-date. Several factors contribute to this impressive performance:
- Strategic appointment of Joseph Chalom (ex-BlackRock) as Co-CEO
- Clear alignment with Ethereum ecosystem and DeFi infrastructure
- Innovative approach to corporate treasury management
- Market confidence in their equity-funded growth strategy
The Bigger Picture: Institutional Adoption of Ethereum
SharpLink’s aggressive accumulation underscores a broader trend of institutional participation in Ethereum’s ecosystem. By locking over 95% of its holdings into staking mechanisms, the company transforms its Ethereum treasury into both a financial reserve and a passive income stream. This approach differs significantly from traditional corporate treasuries and could signal a new era in corporate finance.
Frequently Asked Questions
How much Ethereum did SharpLink Gaming purchase recently?
SharpLink acquired 77,209.58 ETH during the week of July 21-27, 2025, spending approximately $290 million.
What is the current value of SharpLink’s Ethereum treasury?
As of late July 2025, SharpLink’s Ethereum treasury is valued at approximately $1.33 billion.
How has SharpLink’s stock performed following these Ethereum purchases?
The company’s stock (SBET) surged 110.73% month-to-date, peaking above $35 before settling at $20.92 by July 27.
What percentage of SharpLink’s Ethereum holdings are staked?
Over 95% of the company’s Ethereum holdings are currently staked or deployed through liquid staking platforms.
Who is leading SharpLink’s Ethereum strategy?
Joseph Chalom, former digital asset strategist at BlackRock, was appointed Co-CEO on July 24 to lead the company’s Ethereum-focused initiatives.
