Ethereum News Today: SharpLink Surges 420% as Ethereum Holdings Hit $1.9 Billion

SharpLink Gaming has significantly increased its Ethereum holdings, now holding 521,939 ETH valued at nearly $1.9 billion as of August 5, 2025. The company added 83,561 ETH to its treasury during the week of July 28 to August 3, bringing the total value of its recent acquisition to $264.5 million [1]. This follows an earlier purchase of 188,478 ETH by June 25, which was valued at around $750 million [3]. With an average acquisition price of $3,634 per ETH, the firm has demonstrated a clear commitment to Ethereum as a core component of its corporate strategy [1].

SharpLink’s Ethereum holdings have surged by 83% since June 2, signaling a strategic pivot from traditional marketing operations to blockchain-based assets [1]. The company’s stock price has also reflected this shift, rising by over 420% since May, as investors responded positively to its growing crypto treasury [1]. The ETH-per-share ratio has increased from 3.40 to 3.66, directly linking the company’s share performance to its Ethereum accumulation [1].

This trend of corporate Ethereum investment aligns with broader market dynamics. Over the past 30 days, Ethereum has surged by 44%, fueled by strong institutional demand and net inflows into ETH-based exchange-traded funds exceeding $9.5 billion [2]. As the second-largest cryptocurrency by market capitalization, Ethereum is currently trading near $3,631 per coin, a level that is about 34% below its 2021 all-time high of $4,878 [2]. Despite this, its recent performance has reinforced the strategic rationale for companies like SharpLink to continue building their treasuries.

SharpLink is now among the top corporate holders of Ethereum, alongside firms such as BitMine Immersion, which holds 833,000 ETH valued at over $3 billion [1]. These companies have generally seen short-term stock gains following their crypto investments, validating Ethereum as a legitimate asset class for corporate portfolios. SharpLink’s aggressive ETH acquisition highlights a growing corporate trend where digital assets are seen as both a hedge and a high-potential investment.

The firm’s actions suggest long-term confidence in Ethereum’s role in the evolving financial landscape, particularly in the gaming sector, where blockchain technology is increasingly used to enhance user engagement and financial transparency. While SharpLink has not disclosed the full rationale behind its purchases, the scale and timing of its acquisitions indicate a belief in Ethereum’s utility and future value [3].

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Source:

[1] en.coinotag.com/sharplink-gaming-increases-ethereum-holdings-to-nearly-1-9-billion-amid-market-rally/

[2] leapdigitalinvestments.com.au/

[3] cryptoadventure.com/here-are-4-bullish-signals-eth-momentum-is-building/