Overview

• SharpLink acquired 26,192 ETH for about $96 million at roughly $3,500 per token on August 2, boosting its reserve to 464,382 ETH valued at $1.63 billion.
• The firm moved $55 million in USDC through Galaxy Digital to centralized exchanges to finance its latest Ethereum accumulation.
• Under co-founder Joseph Lubin’s direction, SharpLink seeks to accumulate more ETH per share than rivals and now ranks second behind Bitmine Technologies in public Ethereum treasuries.
• SharpLink stakes nearly all of its Ether across multiple protocols to generate yield as part of a broader institutional shift toward crypto treasury diversification.
• Analysts view Ethereum’s retreat from $4,000 to $3,500 as a healthy consolidation following a 60 percent surge in July.