Ethereum News Today: SharpLink Buys 83 561 ETH for $264 5M in Largest Corporate ETH Purchase

SharpLink Gaming, Inc. (Nasdaq: SBET) acquired 83,561 ether (ETH) for $264.5 million during the week of July 28 to August 3, 2025, significantly expanding its Ethereum holdings to 521,939 ETH. This represents a 19% increase from 438,190 ETH in the previous week and marks one of the largest single-week ETH purchases by a corporate entity [1]. The company funded the acquisition entirely through net proceeds from its At-the-Market (ATM) equity facility, which raised $264.5 million during the same period [2].

The average price paid for the newly acquired ETH was $3,634 per coin, slightly below the $1.9 billion valuation of the company’s entire ETH portfolio [3]. All 521,939 ETH are fully staked, generating cumulative staking rewards of 929 ETH since the treasury strategy began on June 2, 2025 [4]. The staking yield enhances the value of the company’s treasury strategy by turning its ETH holdings into a revenue-generating asset.

SharpLink’s “ETH concentration” metric, which measures the amount of ETH per 1,000 diluted shares, has risen to 3.66, up from 3.40 a week earlier [5]. This metric has increased by 83% since the company began its ETH acquisition strategy, reflecting a growing alignment between the company’s equity structure and the value of its digital asset holdings.

Co-CEO Joseph Chalom noted that the company is evaluating additional capital formation options, including debt and equity-linked offerings, to accelerate further ETH accumulation. “Our efforts optimize capital efficiency and reinforce alignment with Ethereum’s role in decentralized finance,” he said [6]. The company has not disclosed the proportion of its total capital allocated to Ethereum or provided projections for future purchases. However, its current trajectory suggests continued growth in both the quantity and value of its holdings [7].

SharpLink now ranks as one of the largest institutional holders of Ethereum, following closely behind Bitmine Immersion Technologies, which controls more than 833,000 ETH. The company’s strategy reflects broader trends in corporate treasury management, where digital assets are increasingly viewed as strategic reserves. By staking its ETH holdings, SharpLink not only generates yield but also contributes to the network’s security and decentralization [8].

The acquisition underscores a growing institutional interest in Ethereum as a long-term asset. With continued focus on capital efficiency and aggressive ETH accumulation, SharpLink is reinforcing its position as a key player in the corporate adoption of digital assets.

Source:

[1] Bitcoin.com, [https://news.bitcoin.com/sharplink-acquires-264-5-million-in-eth-boosting-holdings-to-521939/](https://news.bitcoin.com/sharplink-acquires-264-5-million-in-eth-boosting-holdings-to-521939/)

[2] TradingView, [https://www.tradingview.com/news/cryptonews:e57779633094b:0-sharplink-boosts-holdings-with-new-264m-eth-purchase-institutional-adoption-rising/](https://www.tradingview.com/news/cryptonews:e57779633094b:0-sharplink-boosts-holdings-with-new-264m-eth-purchase-institutional-adoption-rising/)

[3] Stock, [https://www.stocktitan.net/news/SBET/sharp-link-increases-total-eth-holdings-to-521-939-as-of-august-3-ybivzeoj6kyw.html](https://www.stocktitan.net/news/SBET/sharp-link-increases-total-eth-holdings-to-521-939-as-of-august-3-ybivzeoj6kyw.html)

[4] CoinCentral, [https://coincentral.com/sharplink-gaming-expands-ethereum-holdings-to-over-521000-eth/](https://coincentral.com/sharplink-gaming-expands-ethereum-holdings-to-over-521000-eth/)

[6] AInvest, [https://www.ainvest.com/news/ethereum-news-today-sharplink-ethereum-holdings-hit-2-billion-record-weekly-purchase-2508/](https://www.ainvest.com/news/ethereum-news-today-sharplink-ethereum-holdings-hit-2-billion-record-weekly-purchase-2508/)