SharpLink Surpasses Ethereum Foundation with 280,706 ETH Holdings


SharpLink Surpasses Ethereum Foundation with 280,706 ETH Holdings
Image source: CoinToday
- SharpLink's ETH holdings reach 280,706, surpassing the Ethereum Foundation. - Purchases funded by a $413 million share sale, with 99.7% of holdings staked. On July 15, 2025, SharpLink Gaming, Inc. (NASDAQ: SBET) announced that it holds 280,706 ETH. This milestone makes the Nasdaq-listed company the largest corporate holder of Ether (ETH), surpassing the Ethereum Foundation, and highlights SharpLink's aggressive acquisition strategy and growing influence in the crypto landscape. On July 15, The Block reported that SharpLink acquired 74,656 ETH between July 7 and July 13 at an average price of $2,852 per ETH. These acquisitions were financed by an at-the-market (ATM) share-sale program that raised $413 million in the four days ending July 11. Following these purchases, SharpLink retains approximately $257 million from the program for potential future Ethereum acquisitions. SharpLink launched its Ethereum treasury strategy in May 2025, focusing on staking to generate additional shareholder returns. As a result, the company had actively staked 99.7% of its ETH holdings across various protocols as of July 11, a strategy that has yielded 415 ETH in rewards since June 2. These rewards not only boost the company’s ETH reserves but also cement its role as a leader in corporate Ethereum adoption. To enhance investor transparency, SharpLink introduced a unique metric called “ETH Concentration,” which stood at 2.46 ETH per 1,000 diluted shares as of July 13—a 23% increase since June. This metric, combined with a robust acquisition and staking model, positions the company as a compelling investment opportunity by offering investors a way to gain indirect Ethereum exposure through traditional stock markets. According to the Market Survey on July 15, Ethereum (ETH) was trading at $2,993.71 as of 15:09 UTC, representing a 0.823% decline over the past 24 hours.
Article Info
Category
Market
Published
2025-07-15 15:15
NFT ID
PENDING
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