Ethereum News Today: SharpLink Adds $43M in ETH Boosting Treasury to $1.73B

SharpLink Gaming, a Nasdaq-listed firm led by Ethereum co-founder Joseph Lubin, has made a significant addition to its Ethereum (ETH) treasury, purchasing 11,259 ETH through an over-the-counter (OTC) trade facilitated by Galaxy Digital [1]. The transaction cost the company $43.094 million, with ETH acquired at an average price of $3,828, according to onchain analytics firm Lookonchain [1]. This purchase increases SharpLink’s total ETH holdings to around 449,276 ETH, with a combined value of approximately $1.73 billion.

This move follows a similar $295 million ETH acquisition by the firm earlier in the week, underscoring its aggressive strategy to build a substantial Ethereum reserve [1]. As the chair of ConsenSys, Lubin has been a vocal advocate for institutional adoption of crypto assets, emphasizing the importance of securing a strong presence in the emerging digital financial landscape [2]. SharpLink’s shares rose 3% pre-market following the announcement, according to Yahoo Finance data.

The company’s latest transaction is part of a broader trend of institutional investors and publicly traded firms expanding their Ethereum holdings. For example, Fundamental Global Inc. recently announced a $200 million private placement to fund ETH purchases, aligning with the growing momentum in Ethereum treasury strategies [3]. This activity comes as Ethereum marks its 10th anniversary, a milestone that has rekindled interest in its role as a foundational infrastructure for the next generation of financial systems [4].

VeChain’s Johnny Garcia has highlighted the significance of these developments, calling the Ethereum treasury race and institutional crypto adoption an “existential” shift for some firms. He argues that these trends are irreversible, noting that neither short-term market fluctuations nor U.S. monetary policy can derail this transition [5]. Lubin himself has expressed confidence in Ethereum’s long-term potential, suggesting that Ethereum-based treasuries could eventually surpass those of Bitcoin in value and strategic importance [6].

SharpLink’s recent $425 million financing round, completed in June, has provided the capital necessary to support its treasury strategy and further integrate Ethereum into traditional financial frameworks [7]. This funding milestone marks a key development in the maturation of the crypto market, as more institutional players look to hedge against macroeconomic uncertainty through digital assets.

The ongoing accumulation of Ethereum by major firms signals a growing acceptance of crypto within corporate finance and reflects a broader shift in how capital is preserved and deployed. As more companies adopt Wall Street-style financial tactics in the digital space, the lines between traditional and decentralized finance continue to blur [1].

Sources:

[1] title: SharpLink Gaming Expands Ethereum Holding to $1.73B

url: https://www.thecoinrepublic.com/2025/07/31/sharplink-gaming-expands-ethereum-holding-to-1-73b-sbet-stock-eyes-40/

[2] title: The Company Led by Ethereum Co-Founder Joe Lubin

url: https://en.bitcoinsistemi.com/the-company-led-by-ethereum-co-founder-joe-lubin-announces-it-will-acquire-ethereum-here-are-the-details/

[3] title: Fundamental Global Inc. Announces $200 Million Private ...

url: https://www.rochesterfirst.com/business/press-releases/globenewswire/9502953/fundamental-global-inc-announces-200-million-private-placement-and-launches-ethereum-treasury-strategy-on-ethereums-10th-birthday

[4] title: Ethereum at 10: What's Next for the World Computer?

url: https://www.cryptonews.net/news/ethereum/31347538/

[5] title: Crypto Firms Adopt Wall Street's Financial Tactics in New Era

url: https://www.bloomberg.com/news/articles/2025-07-30/crypto-firms-adopt-wall-street-s-financial-tactics-in-new-era

[6] title: Billionaire Joseph Lubin Says Ethereum Treasury

url: https://cryptorank.io/news/feed/97c84-billionaire-joseph-lubin-says-ethereum-treasury-companies-can-be-more-powerful-than-bitcoin-treasuries-heres-why

[7] title: Crypto VC, Bringing the $2 Trillion Story to Wall Street

url: https://news.futunn.com/en/post/59878940/crypto-vc-bringing-the-2-trillion-story-to-wall-street