SharpLink Gaming’s latest ETH purchase raised its treasury to 837,230 ETH after a 39,008 ETH acquisition, valuing the holdings at about $3.66B. The move cements SharpLink among the largest U.S. ETH treasuries while management warns of concentration risk in severe market declines.
SharpLink added 39,008 ETH, bringing total holdings to 837,230 ETH (~$3.66B)
The company bought ETH at an average price near $3,603 and earned staking rewards of 2,318 ETH.
U.S. firms now hold ~3.233M ETH (~2.68% of supply); SharpLink ranks second behind BitMine (plain text sources: CoinGecko, Yahoo Finance).
SharpLink Gaming ETH acquisition — SharpLink raised holdings to 837,230 ETH (~$3.66B). Read concise analysis, key takeaways, and expert comments.
What is SharpLink Gaming’s ETH acquisition?
SharpLink Gaming’s ETH acquisition is a strategic treasury move in which the company increased its Ethereum holdings to 837,230 ETH after purchasing 39,008 ETH, valued at roughly $176.4 million. The accumulation positions SharpLink among the largest U.S. corporate ETH treasuries while generating staking yield on a portion of the balance.
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SharpLink added 39,008 ETH in the most recent disclosed purchase and about 397,923 ETH over the past 30 days per CoinGecko data. The firm reported raising capital — including $400M from Consensys and institutional investors — and continues at‑the‑market equity offerings to fund purchases. Staking rewards totaled 2,318 ETH, contributing to the treasury’s net asset value.
Concentrated corporate treasuries change supply dynamics by removing liquid ETH from markets and increasing staking participation. U.S. firms now hold roughly 3.233M ETH, representing about 2.68% of total supply, with SharpLink ranking second by holdings. These accumulations can tighten effective circulating supply and affect market liquidity during stress periods.
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