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2w ago

SharpLink Gaming’s Ethereum Reserves Hit 521,939 ETH After $264.5M Buy

Funded by a $279 million at-the-market share offering, the purchase underscores SharpLink’s bold pivot to a crypto-native treasury.

Interview | SharpLink co-CEO: Our ETH treasury strategy goes far beyond staking
Sharplink acquires $264.5 million in eth, boosting holdings to 521,939

Overview

  • SharpLink acquired 83,561 ETH for $264.5 million between July 28 and August 3, bringing its total holdings to 521,939 ETH valued at nearly $1.9 billion.
  • The purchase was backed by a $279.2 million at-the-market share offering completed two weeks earlier.
  • SharpLink’s shares have surged over 420% since late May, closing at $19.14 after an 11.7% gain on Monday.
  • The company stakes 100% of its Ethereum on the beacon chain, generating yield from staking rewards that have amounted to 929 ETH so far.
  • With 3.66 ETH per share, SharpLink is now the second-largest corporate Ethereum holder behind BitMine Immersion Technologies, reflecting a wider trend of public firms diversifying treasuries into digital assets.