Ethereum News Today: SharpLink Raises $200M to Boost Ethereum Holdings to $2 Billion

SharpLink Gaming, a Minneapolis-based firm listed on Nasdaq, has announced a $200 million at-the-market offering to expand its Ethereum treasury. The funding, sourced from four institutional investors at $19.50 per share, is intended to increase the company’s ETH holdings to a total of 521,900 ETH—valued at approximately $2 billion as of the latest ETH price of $3,830 [1]. This strategic move aligns with the company’s broader financial initiative to leverage Ethereum as a reserve asset, inspired by similar strategies adopted in the crypto and traditional financial sectors [1].

SharpLink’s Ethereum acquisition effort is part of a growing trend among institutional players to hold digital assets on corporate balance sheets. The firm, which previously raised $450 million through a stock offering in June, now ranks among the largest corporate ETH holders, trailing only BitMine Immersion, which holds over 833,000 ETH [1]. SharpLink’s approach has drawn attention for its dual benefit of enhancing share value and reinforcing its financial position through Ethereum staking, which offers an approximate annual percentage yield of 3% [1].

The recent fundraising has coincided with a period of strong performance for Ethereum relative to other major cryptocurrencies, particularly Solana. The SOL/ETH ratio has declined significantly, reflecting a growing preference for Ethereum among investors [1]. This trend is further underscored by the Hot Realized Cap metric, which has shown continued outperformance of ETH against SOL since mid-July [1].

Ethereum’s price has responded positively to SharpLink’s activities, climbing 4% following the announcement of the $200 million offering [1]. However, the asset remains under pressure near the $3,770 level. Over the past 24 hours, $135.37 million in futures contracts have been liquidated, with short positions bearing the brunt at $112.69 million [1]. ETH now faces a critical resistance level at $4,100, which has historically repelled bullish momentum. A firm close above this level could push the price toward $4,500, while a rejection might send it back toward $3,470 [1].

The broader market context is mixed, as Ethereum ETFs have experienced significant outflows. According to SoSo Value data, Ethereum ETFs recorded a net outflow of $465.06 million on August 4—the largest since their launch last year [6]. In contrast, Ethereum treasury stocks like SharpLink are increasingly viewed as a more direct and efficient way to gain exposure to ETH’s value [7].

The rise of Ethereum treasury companies is reshaping the dynamics of the crypto market, with firms like SharpLink and BitMine Immersion playing a growing role in influencing investor sentiment and capital flows. As these entities continue to accumulate ETH, they may further amplify bullish sentiment in the market, particularly if Ethereum can overcome key resistance levels and sustain a higher trendline breakout [1].

Source:

[1] Ethereum Price Forecast: SharpLink plans $200 million ... https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-sharplink-plans-200-million-treasury-boost-as-eth-outperformance-continues-202508072048

[2] SharpLink raises $200m to power Ethereum treasury past ... https://crypto.news/sharplink-raises-200m-to-power-ethereum-treasury-past-2b-threshold/

[3] Ethereum (ETH) Price Prediction: Struggles to Hold $3700 ... https://coincentral.com/ethereum-eth-price-prediction-struggles-to-hold-3700-despite-sharplink-gamings-300m-eth-buy/

[4] SharpLink's Massive ETH Buy Sparks Bullish Ethereum Buzz https://www.bitrue.com/blog/sharplink-ethereum-bullish-signal-august-2025

[6] Spot Ethereum ETFs Are Bleeding With Record Outflows ... https://www.mitrade.com/insights/news/live-news/article-3-1021045-20250807

[7] Why Analysts Are Turning Bullish On Ethereum And These ... https://www.barchart.com/story/news/33964820/why-analysts-are-turning-bullish-on-ethereum-and-these-altcoins