Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Ethereum treasury SharpLink Gaming holds 740,760 ETH worth over $3 billion

Ethereum treasury SharpLink Gaming holds 740,760 ETH worth over $3 billion

Cryptobriefing2025/08/19 22:55
By:Cryptobriefing

Key Takeaways

  • SharpLink Gaming’s Ethereum reserves have reached 740,760 ETH.
  • The company increased its ETH holdings through large purchases and maintains over $84 million in cash reserves for future acquisitions.

Share this article

SharpLink Gaming, the second-largest corporate holder of Ethereum, said its treasury now totals 740,760 ETH, an increase of 11,956 units in four days. The company acquired 143,593 ETH last week at an average price of $4,648.

With ETH currently trading above $4,300, SharpLink’s ETH stash is valued at over $3 billion.

The expanded holdings secure SharpLink’s place as one of the biggest corporate Ethereum treasuries, second only to BitMine Immersion, which has been accumulating aggressively and now controls over 1.5 million ETH.

SharpLink recently raised $146.5 million through its At-the-Market facility and secured an additional $390 million via a registered direct offering that closed on August 11. The firm maintains over $84 million in cash reserves for future ETH acquisitions.

The company’s ETH Concentration metric, which measures ETH holdings per 1,000 assumed diluted shares, rose to 3.87, marking a 94% increase since the launch of its treasury strategy in June. Total staking rewards have reached 1,388 ETH since the strategy’s inception.

SharpLink’s weekly ETH purchases have steadily increased from 77,200 ETH in late July to the current week’s acquisition of 143,593 ETH. The company’s average purchase price has risen from $3,756 to $4,648 during this period.

Share this article

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Lighter token launch controversy and Breakpoint conference feedback: What is the overseas crypto community discussing today?

What have foreigners been most concerned about in the past 24 hours?

BlockBeats2025/12/15 08:53
Lighter token launch controversy and Breakpoint conference feedback: What is the overseas crypto community discussing today?

With a 60% plunge in market share, can Hyperliquid return to the top with HIP-3 and Builder Codes?

What has Hyperliquid experienced recently?

BlockBeats2025/12/15 08:53
With a 60% plunge in market share, can Hyperliquid return to the top with HIP-3 and Builder Codes?

Annual Loss of Tens of Millions in Revenue Sparks Governance Controversy, Aave Labs Accused of "Backstabbing" the DAO

The conflict between Aave Labs and Aave DAO over front-end integration and fee attribution essentially questions a core issue: who should control and distribute the value created by the protocol.

BlockBeats2025/12/15 08:52
Annual Loss of Tens of Millions in Revenue Sparks Governance Controversy, Aave Labs Accused of "Backstabbing" the DAO

Small-cap tokens fall to a four-year low—Is the "altcoin bull run" completely hopeless?

Despite having a correlation as high as 0.9 with major crypto tokens, small-cap tokens have failed to provide any diversification value.

ForesightNews 速递2025/12/15 08:32
Small-cap tokens fall to a four-year low—Is the "altcoin bull run" completely hopeless?
© 2025 Bitget