Strategy Doubles Down on Bitcoin, Adds 7,700 BTC in August; SharpLink Expands Ethereum Holdings to 837,000 ETH

Strategy, led by Bitcoin advocate Michael Saylor, purchased 7,700 BTC in August, adding to its existing stash of 636,505 BTC. SharpLink Gaming, on the other hand, expanded its Ethereum reserves to 837,000 ETH, growing its holdings by 39,000 ETH in the same month. Both firms demonstrated their commitment to digital assets despite market volatility.

Title: Bitcoin and Ethereum: Major Corporate Purchases Drive Digital Asset Growth

September 02, 2025

In the volatile world of cryptocurrencies, two major companies have recently demonstrated their commitment to digital assets. Strategy, led by Bitcoin advocate Michael Saylor, purchased 7,700 BTC in August, adding to its existing stash of 636,505 BTC. Meanwhile, SharpLink Gaming expanded its Ethereum reserves to 837,000 ETH, growing its holdings by 39,000 ETH in the same month. Both firms have shown resilience in the face of market volatility.

Strategy's Bitcoin Acquisition

Strategy, the company behind the popular Bitcoin strategy, made a significant purchase of 7,700 BTC in August. This acquisition follows a series of regular Bitcoin purchases, with the firm maintaining a three-week buying streak through August. The company's total Bitcoin holdings now stand at 636,505 BTC, valued at approximately $68.6 billion. The average purchase price of $71,170 has generated unrealized profits exceeding $24 billion. Strategy's aggressive fundraising efforts, which raised $5.6 billion through equity markets in 2025, have outpaced technology sector leaders. Despite the legal challenges, the dismissal of a class action lawsuit against the company has removed a significant legal overhang, allowing for more focused acquisitions.

SharpLink Gaming's Ethereum Expansion

SharpLink Gaming, on the other hand, has been busy expanding its Ethereum treasury. The company recently added 39,008 ETH to its holdings, bringing the total to 837,000 ETH. This purchase was made between August 25-31, 2025, at an average price of approximately $4,531 per ETH. The total value of SharpLink's Ethereum holdings is now around $3.6 billion. The company financed this purchase through its at-the-market (ATM) facility, raising $46.6 million. SharpLink's shift to a crypto treasury model is part of a broader trend among public firms redirecting capital into cryptocurrencies as strategic reserves.

Market Implications

These purchases highlight the growing trend of corporate treasuries moving into digital assets. The digital asset treasury (DAT) model, which involves companies accumulating cryptocurrencies like Bitcoin and Ethereum, has surged in popularity in 2025. While this strategy offers investors leveraged exposure to cryptocurrencies without direct holdings, it also introduces significant risks tied to market volatility and corporate governance.

The market's response to these purchases has been mixed. While the purchases demonstrate a commitment to digital assets, the volatile nature of cryptocurrencies means that the value of these holdings can fluctuate significantly. For instance, Ethereum's recent price movements have directly affected SharpLink's treasury value. However, the transparency and disclosure of these purchases support informed financial decision-making.

Conclusion

The recent purchases by Strategy and SharpLink Gaming underscore the growing trend of corporate treasuries moving into digital assets. While these purchases demonstrate a commitment to the cryptocurrency space, they also highlight the risks associated with market volatility and corporate governance. Investors should closely monitor these developments and the broader trends in the digital asset treasury sector.

References:
[1] https://coinmarketcap.com/academy/article/michael-saylor-signals-fresh-bitcoin-purchase-plans
[2] https://en.coinotag.com/sharplink-gamings-39008-eth-purchase-could-boost-its-ethereum-treasury-to-about-3-6-billion/
[3] https://www.panewslab.com/en/articles/b2a843cd-026e-4481-a13b-3e99f28d7d76