Ethereum

SharpLink Bets Big on Ethereum, Now Holds 728,804 ETH

4 days ago
Bitcoin Ethereum News

SharpLink’s Q2 2025 results confirm one thing, the company is now an Ethereum giant. As of June, ETH became its main reserve asset.

The firm now holds 728,804 ETH, worth roughly $3.5B at today’s CoinMarketCap price of about $4,800 per ETH. That’s the second-largest corporate ETH stash in the world, just behind BitMine.

The pivot has been aggressive. Since June, SharpLink raised over $2.6B to expand its ETH position. Almost all of it is staked. The company says it has earned 1,326 ETH in staking rewards so far. Passive yield, without touching the principal.

On paper, Q2 looks rough. SharpLink Gaming posted a $103M loss. But management calls it just that, a paper loss. The ETH remains on the books. No forced selling. No change in the accumulation plan.

 Lubin’s Confident Bet, Making Bold Ethereum Claims

Ethereum co-founder and ConsenSys CEO Joseph Lubin isn’t shy about his expectations.

In a Nasdaq interview, Lubin, who also chairs SharpLink, said the firm could outgrow all rivals in the Ethereum treasury race. He credited SharpLink’s close ties to Ethereum’s core ecosystem as a major advantage.

Lubin isn’t dismissing competition. He said he supports other companies building ETH treasuries. But his prediction is clear, SharpLink will pass them in both growth and performance “within a short time.

What makes him so confident? Lubin pointed to positive feedback loops. SharpLink uses ConsenSys products, advanced staking services, and professional asset managers. The integration, he said, strengthens the company’s position in decentralized finance investments.

In his view, this combination makes SharpLink a standout choice for investors seeking exposure to ETH through professionally managed structures.

 A $100 Trillion Vision

SharpLink’s Co-CEO Joseph Chalom goes even bigger. He sees tokenized assets, from stablecoins to real-world assets, ballooning into a $100 trillion market. But that kind of market, he says, needs a programmable, decentralized, neutral, always-available ecosystem.

To Chalom, that ecosystem is Ethereum.

He believes this trend will accelerate ETH adoption. And SharpLink’s role? Drive adoption. Build awareness. Aggressively accumulate ETH for shareholders.

The ETH build-up isn’t slowing. Earlier this month, SharpLink raised $200M in a direct offering at $19.50 per share. The deal closed August 8 and brought in A.G.P./Alliance Global Partners, Société Générale, and Cantor Fitzgerald as participants.

Chalom says the funds will go straight into the company’s Ethereum strategy, to “accumulate, stake, and grow ETH-per-share.”

 Why It Matters

SharpLink’s playbook is high-risk, high-conviction. Swapping cash for ETH concentrates the balance sheet. Staking locks up liquidity.

But it’s also a leveraged bet on Ethereum’s long-term role in global finance. If tokenization expands and ETH gains value, the returns could be outsized.

Lubin’s confidence, Chalom’s $100T vision, and a treasury second only to BitMine make SharpLink hard to ignore in the corporate crypto race.

Quick Data, ETH (CoinMarketCap):

  • Price: ~$4,800
  • Market Cap: ~$580B
  • 24h Volume: ~$18B

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/sharplink-bets-big-on-ethereum-now-holds-728804-eth/