Ethereum News Today: SharpLink raises $200M to push Ethereum holdings past $2 billion threshold

SharpLink Gaming has secured an additional $200 million in funding through a direct stock offering, bringing its total Ethereum (ETH) holdings closer to $2 billion in value. The offering, priced at $19.50 per share, was led by A.G.P./Alliance Global Partners, with Societe Generale acting as co-placement agent and Cantor Fitzgerald serving as financial advisor [1]. The capital will be used exclusively to further expand the company’s ETH treasury, which has grown rapidly since the firm began its accumulation strategy just two months ago [2].

The latest raise follows a $304 million Ethereum acquisition disclosed by SharpLink in an SEC filing, during which the company purchased 83,561 ETH at an average price of $3,638. This acquisition increased its ETH holdings to 521,939 ETH, valued at approximately $1.9 billion at the time of reporting. With the new $200 million infusion, the company is on track to surpass the $2 billion threshold [3].

SharpLink’s aggressive ETH purchasing has propelled it to the second-largest corporate Ethereum holder in the United States, according to data from SER, a digital asset treasury tracking service. Only BitMine holds a larger position, with 833,137 ETH valued at nearly $3 billion. However, while BitMine’s accumulation has been more widespread, SharpLink has taken a focused approach, positioning Ethereum as a core element of its corporate financial infrastructure [4].

The firm’s strategy includes staking all of its Ethereum holdings, which has already generated over $3.4 million in rewards since June. This staking income introduces a compounding effect, allowing the company to reinvest earnings and further grow its treasury as both ETH’s price and staking yields increase [5].

SharpLink, previously known for its operations in gaming and sports betting infrastructure, is increasingly rebranding itself around its Ethereum-centric treasury strategy. The move aligns with a broader trend among technology firms using crypto reserves not as speculative bets, but as foundational elements of long-term corporate financial planning [6].

The company’s ETH concentration, measured as holdings per 1,000 diluted shares, has risen by 83% over the past two months, highlighting the growing impact of its treasury on shareholder equity. This rapid accumulation, totaling over $540 million in at-the-market equity sales, has allowed SharpLink to leapfrog 64 other companies in the corporate ETH holding rankings [7].

The continued success in fundraising and asset accumulation underscores the increasing institutional confidence in Ethereum as a strategic corporate asset. As more firms explore the use of digital assets in their balance sheets, the market is likely to see further innovation and capital inflows into the space.

Sources:

[1] AInvest – https://www.ainvest.com/news/ethereum-news-today-sharplink-raises-200m-expand-ethereum-holdings-2-billion-2508-6/

[2] MEXC – https://www.mexc.com/news/sharplink-raises-200m-to-power-ethereum-treasury-past-2b-threshold/64155

[3] AInvest – https://www.ainvest.com/news/ethereum-news-today-sharplink-200m-raise-pushes-eth-holdings-2-billion-2508/

[4] Cryptonews – https://cryptonews.com/news/sharplink-gaming-raises-200m-expand-ethereum-treasury/

[5] The – https://www.cryptotimes.io/2025/08/07/nasdaq-listed-cosmos-health-plans-300-million-eth-treasury/

[6] CoinDesk – https://www.coindesk.com/business/2025/08/07/tether-leads-eur30m-investment-round-in-spanish-crypto-exchange-bit2me

[7] Yahoo – https://finance.yahoo.com/topic/crypto/