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12h ago

SharpLink Gaming Raises Ethereum Holdings to 438,017 ETH With Latest $295M Purchase

The firm’s staking strategy has made it the second-largest institutional Ethereum holder on track for a 500,000 ETH milestone

SharpLink’s Ethereum holdings git 438k, worth $1.687b
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Overview

  • On July 28 SharpLink acquired 77,210 ETH worth about $295 million, bringing its reserves to 438,017 ETH valued at roughly $1.69 billion.
  • Over 95% of its Ethereum is staked through Figment and Hoppers DApp to earn yield and support network security.
  • Joseph Chalom’s appointment as co-CEO on July 25 signals SharpLink’s pivot toward institutional-grade crypto operations.
  • According to ETH Strategic Reserve data SharpLink now ranks second among corporate Ethereum holders behind BitMine Immersion Tech’s 566,800 ETH.
  • The company aims to hit a 500,000 ETH threshold reflecting a broader shift of traditional finance treasuries into digital assets.