9-7-2025 – SharpLink Gaming, Inc. (NASDAQ: SBET) has expanded its Ethereum (ETH) holdings to 205,634 tokens after acquiring 7,689 ETH at an average price of $2,501 between June 28 and July 4, 2025, the company announced Tuesday.
The purchase, valued at approximately $19.2 million, reinforces SharpLink’s position as the largest publicly traded corporate holder of Ethereum, with a treasury now worth over $533 million, first reported by GlobeNewswire. The Minneapolis-based firm, which pivoted to an ETH-centric treasury strategy in May, raised $64 million through an At-The-Market (ATM) share sale to fund the acquisition. SharpLink also earned 322 ETH in staking rewards since launching the strategy on June 2, generating roughly $848,750 in yield.
The company’s stock surged 28% on Tuesday, closing at $16.29, reflecting investor confidence in its aggressive Ethereum focus, according to Cointelegraph.SharpLink introduced an “ETH Concentration” metric, showing 2.37 ETH per 1,000 diluted shares, up 19% since June 13. Chairman Joseph Lubin,
Ethereum’s co-founder, emphasized the firm’s disciplined approach and transparency, positioning it as a leader in corporate crypto adoption. The strategy aligns with growing institutional interest in Ethereum, spurred by recent U.S. spot ETH ETF approvals.