SharpLink Gaming Expands Ethereum Reserves with $35.6 Million Purchase, Nears $1 Billion Holding

This newest buy raises SharpLink’s whole Ethereum portfolio to 296,508 ETH, with a present worth near $1 billion, in accordance with blockchain information evaluation from Onchain Lens.

SharpLink Gaming (@SharpLinkGaming) has added 10,614 $ETH, price $35.62M, to its $ETH technique reserve.

They now maintain a complete of 296,508 $ETH, price $997.26M.

Tackle: 0xd6bca7f5f7f1be0494dcd2da16381176da425131

Information @nansen_ai pic.twitter.com/sNtkPPjcgl

— Onchain Lens (@OnchainLens) July 16, 2025

Since launching its Ethereum treasury technique on Could 27, 2025, SharpLink has quickly expanded its crypto belongings. The corporate raised over $400 million in capital via personal placements and at-the-market fairness choices to fund these acquisitions. SharpLink’s management, together with CEO Rob Phythian and Ethereum co-founder Joseph Lubin as chairman, is executing a daring plan to make Ethereum the principal reserve asset on its stability sheet.

Demonstrating lively use of its Ethereum holdings, SharpLink has staked almost all its ETH in decentralized finance (DeFi) protocols like Hoppers DApp. This technique has generated 415 ETH in staking rewards since early June, showcasing a sensible integration of blockchain expertise into its core gaming operations. The corporate’s ETH Focus metric, which calculates ETH per 1,000 diluted shares, has additionally risen to 2.46, signalling elevated crypto publicity to buyers.

SharpLink’s strategy mirrors institutional developments, with different corporations resembling Bit Digital additionally favouring Ethereum-based treasury allocations. The agency’s inventory efficiency displays this confidence, skyrocketing 321% year-to-date, though a latest 73% drop in June was attributed to a misunderstanding of a share registration submitting.

With Ethereum buying and selling above $3,000, SharpLink studies roughly $45 million in unrealized features. Traders eagerly anticipate whether or not the corporate will transfer ahead on its bold aim to amass $1 billion price of ETH, as filed with the Securities and Alternate Fee in Could.

Ethereum’s worth might soar to an astonishing $1.5 million per token in the long term, in accordance with Eric Jackson, founding father of EMJ Capital. Jackson believes the market is severely underestimating the potential of the world’s second-largest cryptocurrency.

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