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8h ago

SharpLink Purchases 143,593 ETH, Lifting Treasury to 740,760 Tokens Worth Over $3B

The Nasdaq-listed firm funded the buys with $537 million in equity, using staking to generate ongoing yield.

ETH ether publicly traded companies raises SharpLink Gaming ethereum treasury firms
Ethereum treasury SharpLink Gaming holds 740,760 ETH worth over $3 billion
Corporate ether holdings at sharplink surge to over 740,000 eth
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Overview

  • SharpLink disclosed it bought 143,593 ETH between Aug. 10–17 at an average price of $4,648, taking holdings to 740,760 ETH.
  • The company raised $537 million in net proceeds for the purchases, including $390 million via a registered direct offering and $146.5 million through its ATM program.
  • Based on recent market prices, the ETH treasury is valued at just over $3 billion, with last week’s average purchase price now above spot.
  • Nearly all holdings are staked, and cumulative staking rewards since June 2 total 1,388 ETH, reflecting the firm’s yield-focused treasury model.
  • SharpLink reports an ETH Concentration of 3.87 and more than $84 million in cash on hand, ranking as the No. 2 corporate ETH holder behind BitMine as its shares have slid in recent days.