SharpLink Becomes Largest Ethereum Holder with $156 Million Purchase

SharpLink Gaming Inc. announced its Ethereum acquisition from July 7 to July 13, 2025, purchasing 74,656 ETH at an average of $2,852 each, positioning the company as the largest ETH holder globally.

The acquisition, raising SharpLink’s holdings to 280,706 ETH, valued at $858 million, underscores Ethereum’s growing institutional significance in corporate treasuries.

SharpLink’s Record-Breaking ETH Acquisition and Market Influence

SharpLink’s strategic acquisition involved purchasing 74,656 ETH at an average price of $2,852, funded by $413 million from an At-The-Market equity facility. This move raises its ETH holding to 280,706 ETH, valued at roughly $858 million, positioning it ahead of the Ethereum Foundation.

The acquisition propelled SharpLink into the spotlight, marking a significant shift in the corporate crypto landscape. With 99.7% of its holdings staked, yielding 415 ETH in rewards, it highlights a pivot towards using ETH as a primary treasury asset.

Industry reactions spotlighted Joseph Lubin, Chairman of SharpLink, who emphasized Ethereum’s decentralization mission. The market noted no significant protocol changes or regulatory responses, aligning with Lubin’s intent to support Ethereum’s long-term network stability.

Joseph Lubin, Chairman, SharpLink Gaming, Inc., stated, “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.”

Ethereum’s Price Surge and Expert Perspectives

Did you know? SharpLink’s ETH position shift mirrors past corporate strategies like MicroStrategy with Bitcoin, emphasizing growing acceptance of crypto assets in diversified portfolios.

Ethereum’s current price stands at $3,034.34, with a market cap of $366.29 billion and a 9.92% market dominance, according to CoinMarketCap. The 24-hour trading volume is $31.83 billion, reflecting a 6.97% change. Ethereum’s price rose 90.86% in the last 90 days, showcasing robust growth and investor interest.

The Coincu research team highlights that SharpLink’s focus on ETH and staking could influence technological adoption and encourage similar moves by other firms. This development may prompt increased regulatory scrutiny and inspire a reassessment of crypto’s role in corporate treasuries, reflecting broader financial trends.