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SharpLink Gaming Grows ETH Holdings to 728,804, Deepens Staking-First Strategy

The firm just closed a $200 million institutional direct offering to fund further ETH accumulation via staking

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Ethereum treasury SharpLink Gaming discloses 728,804 ETH holdings
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Overview

  • SharpLink holds 728,804 ETH, valuing its treasury at roughly $3.4 billion
  • It has staked nearly all tokens and is restaking through DeFi, generating more than 1,300 ETH in rewards
  • The $200 million sale involved four global institutional investors and follows earlier PIPE and ATM placements to finance its ETH campaign
  • Q2 revenue totaled $700,000 while net loss reached $103 million largely due to an $87.8 million non-cash impairment on liquid-staked ETH
  • SharpLink ranks as the second-largest corporate Ethereum treasury behind BitMine Immersion Technologies