Ethereum Treasury SharpLink Adds $265 Million in ETH to Holdings

Key Points

1. SharpLink Gaming bought 83,561 ETH between July 28 and August 3, 2025, increasing its total holdings to 521,939 ETH worth nearly $1.9 billion.

2. The company's stock price has risen over 420% since the end of May 2025, when it announced its pivot to accumulating Ethereum.

3. SharpLink initially raised $425 million in May 2025 to establish an Ethereum treasury and has since spent $780 million on ETH purchases.

4. Ethereum's price was around $3,631 per coin at the time of the announcement, down 0.4% over 24 hours but up 44% over 30 days due to increased investor interest.

5. SharpLink's strategy mirrors that of other firms like MicroStrategy, which shifted focus to cryptocurrency accumulation, leading to significant stock price gains.