SharpLink Gaming, Inc. (Nasdaq: SBET) has significantly strengthened its digital asset treasury by amassing a total of 521,939 ETH as of August 3, 2025, placing it as the second-largest corporate holder of Ethereum globally, according to SER.
The company’s recent purchase of 83,561 ETH between July 28 and August 3, valued at $303.7 million at an average price of $3,634 per ETH, was funded through its ongoing At-the-Market (ATM) offering. Over the past two weeks, the facility raised a staggering $543.7 million through the sale of common shares, underlining investor confidence in its crypto strategy.
NEW: SharpLink now holds 521,939 ETH
Between July 28 – August 3, SharpLink acquired 83,561 ETH for $264.5M at an average price of $3,634
ETH-per-share (“ETH Concentration”) is now 3.66, up from 3.40 last week, and has increased 83% since we began the strategy on June 2nd
100%… pic.twitter.com/X1MFXFDj37
— SharpLink (SBET) (@SharpLinkGaming) August 5, 2025
This bold ETH accumulation strategy aligns SharpLink with the growing trend of corporations integrating crypto assets into their balance sheets, mirroring the strategy pioneered by companies like Strategy and MicroStrategy in the Bitcoin ecosystem. However, SharpLink’s focus on Ethereum sets it apart, signaling strong confidence in Ethereum’s central role in decentralized finance (DeFi).
Since launching its Ethereum-focused treasury strategy on June 2, 2025, the company has not only acquired a substantial ETH reserve but also earned 929 ETH in staking rewards, adding passive yield to its digital asset portfolio.
Co-CEO Joseph Chalom emphasized the firm’s long-term vision, saying, “SharpLink remains deeply committed to its mission of creating enduring shareholder value by building the largest and most trusted ETH treasury company.” The company is now actively exploring new capital formation opportunities to expand its ETH holdings even further.
To provide transparency, SharpLink introduced a new metric—ETH Concentration—which currently stands at 3.66, measuring ETH held per 1,000 assumed diluted shares. This metric directly connects Ethereum holdings to shareholder value.
Joe Lubin, Ethereum co-founder and CEO of Consensys, currently serves as SharpLink’s Chairman following a $425 million private placement led by Consensys in May.
At the time of reporting, SharpLink (SBET) was trading down 3% at $18.59, as per The Block’s SBET price data.
