Overview

• SharpLink bought 143,593 ETH between Aug. 10 and Aug. 17 at an average price of $4,648, lifting its holdings to 740,760 tokens worth just over $3 billion.
• The company raised $537 million in net proceeds for the purchases, including $390 million from a registered direct offering and $146.5 million via its at-the-market program.
• Nearly all holdings are staked, and cumulative staking rewards have reached 1,388 ETH since the strategy launched in early June.
• Cash reserves of more than $84 million remain available for additional acquisitions, and the firm’s ETH Concentration metric rose to 3.87, up about 94% since June.
• SharpLink is the second-largest corporate ETH holder behind BitMine Immersion, and its shares have declined in recent days despite the accelerated accumulation.