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SharpLink Adds 56,533 ETH, Lifting Treasury to 797,704 Tokens After $361 Million Raise

The company is using ATM equity sales to fund the build, with a buyback authorization to support the stock.

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Wayfinder
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Sharplink gaming boosts eth treasury to nearly 800,000

Overview

  • Purchases were executed at an average price of $4,462 per ETH, valuing the holdings at roughly $3.6–$3.7 billion.
  • SharpLink raised $360.9 million in net proceeds last week through its at-the-market program and holds about $200 million in cash for additional acquisitions.
  • Cumulative staking rewards reached 1,799 ETH since the treasury strategy launched in June.
  • The board approved up to $1.5 billion in repurchases to buy shares at or below the net asset value of its Ether, targeting dilution and ETH-per-share alignment.
  • SharpLink remains the No. 2 corporate holder of Ethereum behind BitMine Immersion Technologies, which holds nearly 1.7 million ETH.