Overview

• SharpLink bought 39,008 ETH between August 25 and 31 at an average price of $4,531, bringing holdings to 837,230 ETH worth more than $3.6 billion.
• The latest purchases were funded by $46.6 million in net proceeds from the firm’s at-the-market equity program, with 2.4 million shares issued during the week.
• Staking has generated 2,318 ETH in rewards since June, and the firm’s ETH Concentration metric rose to 3.94 for the week ending August 31.
• Co-CEO Joseph Chalom underscored execution of the ETH-first strategy while cautioning about downside risk for treasury firms tied to crypto markets; SBET shares fell about 5% on Tuesday.
• Third-party trackers report SharpLink as one of the largest corporate ETH holders, reportedly second to BitMine, with roughly 398,000 ETH added over 30 days and a large balance queued for staking.