Ethereum News Today: SharpLink expands Ethereum holdings by 29% leveraging ATM facility, staking rewards; regulatory support boosts strategy

SharpLink Gaming, Inc. (Nasdaq: SBET) has significantly expanded its Ethereum (ETH) holdings, reaching a total of 360,807 ETH as of July 20, 2025. This marks a 29% increase from the previous week, driven by the acquisition of 79,949 ETH at an average price of $3,238 per ETH. The company, recognized as the world’s largest corporate holder of Ethereum, has also earned 567 ETH in staking rewards since initiating its digital treasury strategy on June 2.

The firm’s ETH concentration, defined as the ratio of ETH holdings to total capital, has risen to 3.06, a 53% increase since the launch of its treasury strategy. SharpLink remains committed to its long-term growth objectives, with $96.6 million in unused net proceeds from its At-The-Market (ATM) facility available for further ETH purchases. The strategic acquisition of ETH underscores the company’s confidence in the cryptocurrency’s potential and its alignment with institutional-grade blockchain infrastructure.

Joseph Lubin, SharpLink’s chairman and co-founder of Ethereum, emphasized the company’s disciplined approach to expanding its ETH treasury. “We continue to strategically leverage our ATM facility to build our ETH treasury in pursuit of our long-term growth objectives,” Lubin stated. He highlighted the favorable market conditions, noting that the “continued strength of ETH and our ability to acquire large volumes at opportunistic prices” supports the company’s mission to enhance shareholder value through treasury growth.

The company’s support for Ethereum is further reinforced by broader regulatory developments in the United States. SharpLink expressed strong backing for the Genius Act, a newly enacted law that provides a regulatory framework for digital assets and smart contracts. Lubin described the legislation as a “critical step” for blockchain innovation, noting that it reduces uncertainty and fosters a more supportive environment for institutional adoption. This legislative clarity, combined with Ethereum’s decade-long operational resilience, strengthens SharpLink’s conviction in its treasury strategy.

SharpLink’s staking rewards, currently totaling 567 ETH, reflect its active participation in Ethereum’s proof-of-stake model. By earning returns on its holdings while maintaining liquidity through unused ATM proceeds, the company balances growth and flexibility. Lubin underscored the importance of Ethereum’s role in the evolving financial landscape, stating, “Serious financial actors and even nation states are recognizing the value of a platform that has been running nonstop for over a decade.”

With its ETH holdings now representing a substantial portion of its treasury, SharpLink aims to solidify its position as a leader in the Ethereum ecosystem. The company’s strategy of prioritizing ETH acquisition, combined with regulatory progress and blockchain integration, positions it to capitalize on digital finance’s next phase. As the market continues to evolve, SharpLink’s disciplined execution and long-term vision highlight its commitment to harnessing Ethereum’s full potential.