SharpLink Gaming Inc. (SBET) said it has become the world’s largest corporate holder of ether after lifting its treasury to 280,706 ETH.
The Nasdaq‑listed firm bought 74,656 ETH between July 7 and July 13 at an average price of $2,852, spending about $156 million and bringing its holdings to a value of roughly $858 million based on Tuesday’s market price near $3,000, according to The Block’s ether price page.
This places SharpLink’s ether holdings above the Ethereum Foundation’s stack, which owns approximately 196,354 ETH, worth around $591 million, according to Arkham data. The company also previously acquired 10,000 ETH directly from the EF last week.
SharpLink financed the purchases with proceeds from an at‑the‑market share‑sale program that raised about $413 million from July 7 to July 11. Around $257 million from the offering remains available for additional ether acquisitions, the company said in a statement. SBET shares rose 10% following the announcement, according to Yahoo Finance data.
Ethereum treasury trend
The Minneapolis-based marketing and software entity first announced its corporate Ethereum treasury strategy in May, raising $425 million through a private placement led by Consensys. Ethereum co-founder and Consensys CEO Joseph Lubin was also named chairman of SharpLink.
Since adopting ether as its primary treasury reserve asset, SharpLink says it has staked 99.7% of its holdings and earned 415 ETH in rewards, including 94 ETH generated last week. It has also introduced an “ETH concentration” metric to help investors gauge its exposure. The metric that stood at 2.46 ETH per 1,000 assumed diluted shares outstanding as of July 13, up 23% from 2.00 ETH a month earlier.
SharpLink is among a list of companies accumulating ETH, using Strategy’s ATM share sale playbook. The goal for these firms, including entities such as BitMine Immersion and Bit Digital, is to become the largest publicly traded holder of ETH globally.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
