Ethereum News Today: Joe Lubin's SharpLink Stakes Big Bet on Ethereum's Long-Term Value

SharpLink Gaming, a Nasdaq-listed firm led by Ethereum co-founder Joe Lubin, has increased its Ethereum holdings by approximately $252 million, adding 55,463 to 56,533 ether over the past week. This brings the company’s total ETH balance to around 797,704 to 799,999 ether, valued at approximately $3.6 billion based on recent prices. The purchases were made at an average price of $4,462 per ETH, according to press releases and statements from the company [1][2].

SharpLink disclosed that staking rewards have also contributed to its growing Ethereum reserve, with an additional 1,799 ether added since the firm initiated its treasury strategy in June 2025. The Minneapolis-based company raised $360.9 million in net proceeds last week through its at-the-market share issuance program, with approximately $200 million still available for further ETH acquisitions. This capital allows the firm to continue its focus on building long-term value for its shareholders while supporting the broader Ethereum ecosystem [1][2].

The firm’s increased ETH exposure places it among the top Ethereum treasury companies by holdings. SharpLink now controls nearly 0.61% of the total supply of Ethereum, trailing only BitMine Immersion Technologies, which holds approximately 1.7 million ether. SharpLink has publicly set a target of acquiring 1 million ETH as its first major milestone, a goal that is currently around 79% complete. Prediction markets suggest a 54% probability of achieving this target by September 16, though these odds have decreased slightly in the past 24 hours [2][3].

Amid a recent correction in the cryptocurrency market, SharpLink’s stock has experienced a decline, dropping more than 7% in the past month despite Ethereum’s 19% gain during the same period. In response, the company authorized a $1.5 billion stock buyback program to be triggered if the stock falls to or below its net asset value. Co-CEO Joseph Shalom emphasized that issuing shares while the stock is undervalued would dilute shareholder equity, and the buyback serves as a strategic measure to preserve long-term value [1][4].

Standard Chartered analysts have noted that the recent market pullback presents a favorable entry point for Ethereum and ETH-focused treasury companies. They maintain a $7,500 price target for ETH by year-end and argue that both the asset and the firms managing its treasury are currently undervalued. This assessment aligns with broader market trends as institutional interest in Ethereum continues to rise, with treasury companies playing an increasing role in shaping the asset’s trajectory [1][2].

SharpLink’s actions reflect a broader trend in corporate finance where digital assets are being integrated into treasury strategies. By maintaining a significant Ethereum reserve and implementing capital management tools like stock buybacks, SharpLink is positioning itself to benefit from both price appreciation and long-term value creation. The firm’s approach highlights a shift in how publicly traded companies are managing their balance sheets in an increasingly crypto-integrated financial landscape [4].

Source:

[1] Joe Lubin's SharpLink Boosts ETH Holdings to Nearly $3.6 Billion (https://www.coindesk.com/business/2025/08/26/joe-lubin-s-sharplink-boosts-eth-holdings-to-nearly-800k-raised-usd361m-in-fresh-capital)

[2] Ethereum Treasury SharpLink Adds $252 Million in ETH to Holdings (https://finance.yahoo.com/news/ethereum-treasury-sharplink-adds-252-164617725.html)

[3] SharpLink (SBET) Jumps 15.7% as ETH Sets New Record High (https://finance.yahoo.com/news/sharplink-sbet-jumps-15-7-151309263.html)

[4] SharpLink Greenlights $1.5 Billion Buyback to Support ETH Treasury (https://www.xt.com/en/blog/post/sharplink-greenlights-1-5-billion-buyback-to-support-eth-treasury)