Ethereum News Today: SharpLink's Ethereum Holdings Hit $2 Billion Amid Record Weekly Purchase

SharpLink Gaming, Inc. (Nasdaq: SBET) has significantly increased its Ethereum treasury, acquiring 83,561 ETH—valued at $264.5 million—between July 28 and August 3, 2025 [1]. This purchase brings the firm’s total Ethereum holdings to 521,939 ETH, valued at approximately $2 billion [1]. The average purchase price for the week was $3,634 per ETH, a slight decrease from the prior week’s $3,756 [1]. This acquisition marked the largest weekly purchase of Ethereum by SharpLink to date, outpacing its previous three weeks of buying [1].

The company’s ETH-per-share concentration has risen to 3.66 from 3.40, representing an 83% increase since the treasury strategy began on June 2, 2025 [1]. This metric indicates the number of Ethereum tokens held per outstanding share and reflects SharpLink’s growing integration of Ethereum into its capital structure [1]. The firm’s strategy appears to be deepening its alignment with Ethereum’s price performance, signaling long-term confidence in the asset.

To fund these purchases, SharpLink has continued utilizing its At-the-Market (ATM) facility, issuing 13.6 million shares in the week ending August 3, generating $264.5 million in net proceeds [1]. This follows $279.2 million raised in the prior week and $96.6 million in the week before, with cumulative net proceeds now exceeding $1 billion since the program’s inception [1]. The firm has issued over 52 million shares in total to support its treasury strategy.

SharpLink has also maintained its full ETH staking position, with all 521,939 ETH currently staked. Cumulative staking rewards have reached 929 ETH, reinforcing the firm’s yield generation model [1]. This approach underscores the company’s commitment to building a crypto-native balance sheet and leveraging Ethereum’s staking capabilities for shareholder value.

On July 24, Joseph Chalom, former digital asset strategist at BlackRock, officially joined as Co-CEO of SharpLink [1]. Chalom reiterated the firm’s dedication to expanding its Ethereum holdings and emphasized its pursuit of additional capital formation strategies, including potential debt or equity-linked instruments [1]. His appointment adds institutional credibility to the company’s ongoing strategy and signals an evolving corporate direction.

SharpLink’s Ethereum accumulation is part of a broader trend of institutional adoption in the digital asset space. Analysts note that Ethereum is increasingly viewed as a strategic asset for long-term yield generation and balance sheet diversification [2]. The company’s strategy reflects a maturing institutional perspective in the crypto market, with firms favoring staking and long-term holding strategies over speculative trading [1]. While SharpLink has been surpassed by BitMine Immersion Technologies, which now holds 833,137 ETH, the firm remains among the top institutional holders of Ethereum [1].

Despite institutional bullishness, the broader Ethereum market has experienced mixed signals. For example, Ethereum-based ETFs recorded $465 million in net outflows on Monday—the highest since their launch—indicating cautious sentiment among retail investors [1]. Major funds like BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH) were among the most affected, with outflows of $375 million and $55.11 million, respectively [1]. This contrast highlights the divergence between retail and institutional behavior in the cryptocurrency space.

SharpLink’s aggressive Ethereum accumulation, combined with its staking and capital formation strategies, continues to position the firm as a key player in the institutional adoption of Ethereum. As the network undergoes further upgrades, its role as a secure and liquid asset is expected to attract more institutional interest, reinforcing Ethereum’s foundational position in the digital asset ecosystem [1].

Source:

[1] title: SharpLink's ETH Holdings Near $2B After $264M Purchase

url: https://cointelegraph.com/news/sharplink-eth-holdings-near-2b-after-264m-purchase

[2] title: BTCUSD - SharpLink now holds nearly $2B in Ether ... - ADVFN

url: https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96564954/sharplink-now-holds-nearly-2b-in-ether-after-late