SharpLink Boosts Ethereum Holdings by 4.6% in $25.7 Million Deal Smarter Web Expands Bitcoin Treasury by 27.5% in £21.88 Million Purchase

Two prominent companies, SharpLink and Smarter Web, have recently bolstered their crypto treasuries, signaling a growing trend among corporations to integrate digital assets into their financial strategies. SharpLink Gaming, a Nasdaq-listed company, has acquired 10,000 ETH directly from the Ethereum Foundation in an over-the-counter transaction. The deal, valued at $25.7 million, was completed on July 10 at an average price of $2,572.37 per ETH. This acquisition brings SharpLink's total ETH holdings to approximately 215,634 ETH, valued at around $558 million at current market prices. The Ethereum Foundation, based in Switzerland, is a key player in the expansion and decentralization of the Ethereum network, investing in projects, programs, and developers to ensure Ethereum's continued growth.

Joseph Lubin, Chairman of SharpLink and Co-Founder of Ethereum, highlighted the significance of this move, stating that Ethereum is entering a new era of institutional importance. He expressed pride in SharpLink's support for Ethereum's long-term strength and decentralization goals, underscoring the company's commitment to the future of the blockchain. Ethereum is widely regarded as one of the most significant blockchains today, supporting decentralized applications and smart contracts that are essential for building the Web3 economy, often referred to as the future of the internet.

Meanwhile, Smarter Web Company, based in London, has expanded its Bitcoin treasury by purchasing an additional 275 BTC. This acquisition, part of the company's 10-year plan to continue adding Bitcoin to its treasury, cost approximately £21.88 million, with an average Bitcoin price of £79,563, equivalent to about $108,182. Smarter Web now holds a total of 1,275 BTC, with an average purchase price of over $100 million. The company also possesses nearly £31 million in cash, which it can use to acquire additional Bitcoins if necessary. Smarter Web began accepting Bitcoin payments in 2023 and has since built a substantial Bitcoin reserve, reflecting its confidence in Bitcoin's future as a significant form of money.

Smarter Web's Bitcoin assets have seen remarkable growth, with a 31,263 percent improvement this year and a 497 percent increase in the past 30 days. The company's diversified business model includes web design, development, and marketing, generating monthly revenue through setup fees, hosting, and additional services. This strategic move by Smarter Web, along with SharpLink's Ethereum acquisition, indicates a broader shift in the corporate world towards viewing crypto not just as a trading asset, but as a serious component of corporate treasury management. Both companies demonstrate a long-term investment perspective, which is likely to encourage other firms to adopt similar strategies and integrate crypto into their financial planning.