Overview

• SharpLink bought 56,533 ETH at an average $4,462, bringing its holdings to 797,704 ETH valued near $3.7 billion, with about $200 million in cash left for additional acquisitions.
• The company said it raised $360.9 million in net proceeds through its at-the-market program during the week of August 18–22 to fund the latest buy.
• Staking rewards since the strategy launched in June have reached 1,799 ETH, and the firm’s new “ETH Concentration” metric now stands above 4.0 per 1,000 assumed diluted shares.
• The board recently authorized a $1.5 billion stock repurchase program to complement the treasury strategy.
• A CryptoQuant community analyst estimates SharpLink has invested roughly $2.87 billion and sits on an approximate 21% unrealized gain, ranking second among corporate ETH holders behind BitMine’s 1.71 million ETH.