Ethereum News Today: SharpLink Adds 56 533 ETH to Treasury Pushing Holdings to 797 704 at $4 462 Average

SharpLink has continued its aggressive accumulation of Ethereum, adding 56,533 ETH to its treasury in recent weeks, bringing its total holdings to 797,704 ETH, valued at approximately $3.7 billion as of the latest data [1]. This most recent purchase, which cost around $252 million, was made at an average price of $4,462 per ETH [2], highlighting the company’s sustained confidence in the long-term value of Ethereum.

The firm still holds $200 million in cash, which is specifically earmarked for additional Ethereum purchases [1]. This reserve suggests a strategic, long-term vision for expanding its ETH portfolio, potentially pushing its holdings beyond the 800,000 ETH threshold in the coming months. If fully deployed at current market prices, this liquidity could add tens of thousands of ETH to its balance sheet.

Part of the recent acquisition was funded through an ATM equity offering that raised $360.9 million [2], while SharpLink has also committed to a broader financial initiative, including a $1.5 billion share buyback program [3]. These moves reflect a well-balanced approach to capital allocation, with Ethereum playing a central role in the company’s reserve strategy.

The company has stated that Ethereum is viewed as a key pillar of its treasury diversification strategy and as an important part of future financial infrastructure [3]. In addition, SharpLink is actively earning staking rewards on its holdings, further enhancing the utility of its ETH position. This approach not only supports yield generation but also reinforces the company’s commitment to long-term value creation.

SharpLink’s actions align with a broader trend of institutional adoption of Ethereum. As the network continues to evolve with upgrades such as Ethereum 2.0 and gains further traction in DeFi and NFT ecosystems, more firms are considering ETH as both a strategic asset and a hedge against macroeconomic uncertainty. While SharpLink is not the largest ETH holder, its consistent and large-scale purchasing behavior has the potential to influence other players in the market, particularly in the gaming and entertainment sectors, which are increasingly exploring digital assets as part of their treasury management strategies.

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Source:

[1] Ethereum News Today: SharpLink Boosts Ether Holdings - [https://www.ainvest.com/news/ethereum-news-today-sharplink-boosts-ether-holdings-797-704-eth-252m-purchase-approves-1-5b-buyback-2508/](https://www.ainvest.com/news/ethereum-news-today-sharplink-boosts-ether-holdings-797-704-eth-252m-purchase-approves-1-5b-buyback-2508/)

[2] Coinpedia - Fintech & Cryptocurrency News Media| Crypto - [https://coinpedia.org/](https://coinpedia.org/)

[3] บทความ - [https://www.bitkub.com/th/blog](https://www.bitkub.com/th/blog)