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SharpLink (SBET) now owns 521,939 ETH, acquired for $264.5M at an average price of $3,634.
ByAinvest
Tuesday, Aug 5, 2025 8:06 am ET1min read
SharpLink (SBET) now owns 521,939 ETH, acquired for $264.5M at an average price of $3,634.
SharpLink Gaming (Nasdaq: SBET), a prominent corporate Ethereum holder, reported a significant increase in its ETH holdings for the week ending August 3, 2025. The company's total ETH holdings grew by 19% to 521,939 ETH, representing a substantial addition of 83,561 ETH at an average price of $3,634. This acquisition was facilitated through the company's At-the-Market (ATM) facility, which raised $264.5 million in net proceeds during the week of July 28 - August 1, 2025 [1].SharpLink's ETH Concentration metric, which measures ETH holdings per 1,000 diluted shares, increased to 3.66 from 3.40 week-over-week. This metric has improved by 83% since the launch of the treasury strategy in June. Additionally, total staking rewards reached 929 ETH since the strategy's inception on June 2, 2025 [1].
The company's latest treasury update indicates a significant acceleration in its Ethereum accumulation strategy. SharpLink is positioning itself as an institutional vehicle for Ethereum exposure, much like MicroStrategy's Bitcoin accumulation strategy but focused on Ethereum's ecosystem. By doing so, the company is leveraging Ethereum's long-term adoption and price appreciation as its value proposition [1].
SharpLink's aggressive treasury strategy is not limited to ATM issuance. The company is exploring multiple financing avenues, including debt, equity, and equity-linked offerings, to further optimize its capital structure and minimize shareholder dilution. This multi-faceted approach underscores the company's commitment to efficiently deploying capital to enhance its ETH holdings [1].
SharpLink's latest acquisition of 83,561 ETH boosts its total holdings to 521,939 ETH, making it one of the largest corporate Ethereum positions globally. The company's ETH Concentration metric has reached 3.66, indicating a strong focus on ETH as a primary treasury reserve asset. The staking component of the strategy is also generating meaningful rewards, with cumulative staking returns now at 929 ETH [1].
References:
[1] https://www.stocktitan.net/news/SBET/sharp-link-increases-total-eth-holdings-to-521-939-as-of-august-3-ybivzeoj6kyw.html
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