SharpLink Gaming has significantly increased its Ethereum (ETH) holdings to an estimated $1.65 billion. Over the past days, SharpLink executed multiple purchases amounting to $54 million in ETH, raising its total Ether balance to approximately 480,031 coins, according to blockchain data analytics from Arkham Intelligence.
Notably, one of the largest single transactions involved acquiring 6,914 ETH, valued at $23.56 million at current prices.
SharpLink(@SharpLinkGaming) received another 15,822 $ETH($53.9M) 6 hours ago.
They spent 108.57M $USDC to buy 30,755 $ETH in the past 2 days, with an average buying price of $3,530.
SharpLink now holds a total of 480,031 $ETH($1.65B).https://t.co/fWtEg2UYB8 pic.twitter.com/EX6r4mQXCY
— Lookonchain (@lookonchain) August 3, 2025
This aggressive accumulation is part of SharpLink’s broader strategy to position Ethereum as the primary asset of its treasury reserves. Over the last 48 hours alone, the company spent $108.57 million in USDC (USD Coin) to buy 30,755 ETH at an average price of $3,530 per coin. Earlier activity includes $43.09 million spent on purchasing 11,259 ETH at an average price of $3,828.
SharpLink’s escalating ETH stake places it among the largest known corporate holders of Ethereum, surpassing the Ethereum Foundation and establishing itself as the leading public corporate owner. The company has publicly committed to Ethereum not merely as part of its strategy, but as its entire strategic foundation. This is underscored by its practice of staking over 95% of its holdings to generate passive yield and support the Ethereum network’s security.
The firm’s leadership, including Chairman Joseph Lubin—co-founder of Ethereum and CEO of ConsenSys—frames this move as a pivotal point for institutional adoption of cryptocurrency. Lubin and SharpLink’s executives view Ethereum as foundational infrastructure for decentralized finance and digital commerce, emphasizing its programmability and staking rewards as key benefits beyond simple token ownership.
SharpLink’s expansion aligns with a rising trend among corporations adopting Ethereum in their treasuries. Other major players, such as BitMine Immersion and The Ether Machine, are also aggressively accumulating ETH, reflecting growing confidence in Ethereum as a cornerstone for finance and technological innovation within tokenized economies.
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