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SharpLink Lifts Ethereum Holdings to 837,230 ETH With $46.6 Million ATM Buy

The Nasdaq-listed firm is funding a fully staked ETH treasury through ATM raises to position SBET as an equity proxy.

Overview

  • SharpLink bought 39,008 ETH between August 25 and 31 at an average price of about $4,531 per token.
  • The purchase brings total holdings to 837,230 ETH, valued at roughly $3.6 billion.
  • The acquisition was financed with $46.6 million raised through the company’s at-the-market facility.
  • SharpLink reports more than $71 million in cash remaining for potential future ETH purchases.
  • The company cites an ETH Concentration of 3.94 and cumulative staking rewards of 2,318 ETH, and it now ranks second globally among corporate ETH holders.