SharpLink Gaming (SBET) Shares Surge 15.9%, Reaching $33.60

Shares of SharpLink Gaming ($SBET) rose 15.9% to $33.60, driven by growing investor interest and positive market sentiment. The stock surge indicates potential opportunities for investors seeking to capitalize on favorable market movements.

Shares of SharpLink Gaming (SBET) rose 15.9% to $33.60 on July 2, 2025, driven by growing investor interest and positive market sentiment. The stock surge is attributed to SharpLink's adoption of the Ethereum treasury company model, a strategy that involves raising capital to purchase cryptocurrency. The company raised $400 million for its Ether war chest and now holds 280,706 coins worth approximately $960 million [1].

The Ethereum treasury company model mirrors the Bitcoin strategy, where companies raise capital to buy cryptocurrency rather than using operational funds. SharpLink Gaming's aggressive investment in Ethereum has positioned it as the largest corporate holder of Ether coins globally, surpassing even the Ethereum Foundation's holdings [1]. The company's stock surge reflects growing investor confidence in Ethereum's long-term value and its utility as a foundational blockchain for decentralized applications.

SharpLink Gaming's recent acquisitions have further bolstered its Ethereum holdings. The company acquired 10,614 ETH worth $35.62 million from Coinbase and an additional 10,854 ETH worth $34.37 million from another wallet, bringing its total Ethereum holdings to 307,362 ETH, valued at over $1 billion [2]. The company's strategy of acquiring, staking, and restaking ETH aims to maintain the ecosystem's health while reducing the circulating supply of Ethereum.

The rally in Ethereum treasury stocks comes as the Ethereum price itself surged nearly 10% over the last 24 hours, reaching a high of $3,480. This price movement has sparked interest among traders and analysts, with popular analyst Michael van de Poppe noting that the ETH/BTC pair climbed to a new high, signaling a potential future rally for Ethereum [2]. Additionally, strong inflows into spot Ethereum ETFs have supported the price rally, with crypto analyst Daan Crypto Trades highlighting that spot ETFs took in a massive $726.6 million in net inflows [2].

While the Ethereum treasury company model shows promise, it remains to be seen if Ethereum can deliver the same performance as Bitcoin. Bitcoin has seen a 30% increase in value over the same period, while Ethereum has appreciated by 7% in 2025, reflecting a more volatile market [1]. The lower entry barrier for Ethereum, with its price currently around $3,600, compared to Bitcoin's $120,000, makes it more attractive for small-cap companies seeking to enter the crypto market [1].

Other companies, such as Bitmine Immersion Technologies and Bit Digital, have also adopted the Ethereum treasury model, further indicating a growing trend of corporate crypto accumulation [2]. The shift towards Ethereum accumulation is influenced by the precedent set by MicroStrategy, which successfully pivoted to Bitcoin purchasing in 2020 [2].

In conclusion, SharpLink Gaming's adoption of the Ethereum treasury company model is a significant development in the corporate crypto landscape. While the strategy's success remains to be determined, it signals a maturation of the crypto market, where institutional players recognize Ethereum's potential as a strategic treasury reserve. Investors should closely monitor this trend and conduct thorough due diligence before considering investments in Ethereum treasury companies.

References:
[1] https://www.ainvest.com/news/ethereum-treasury-companies-sharplink-move-sparks-industry-interest-2507/
[2] https://www.ainvest.com/news/ethereum-news-today-ethereum-price-surge-drives-29-03-gain-sharplink-gaming-stock-2507/