SharpLink buys 77K ETH as total Ethereum holdings surpass $1.69B
Main Idea
SharpLink has significantly increased its Ethereum holdings, purchasing 77,210 ETH worth $295 million, bringing its total ETH holdings to over 438,000 ETH valued at $1.69 billion, with nearly all of it staked.
Key Points
1. SharpLink acquired 77,210 ETH worth $295 million on July 28, 2025.
2. The company now holds over 438,000 ETH, valued at more than $1.69 billion.
3. Nearly all of SharpLink’s ETH holdings are staked as part of its long-term strategy.
4. SharpLink has expanded its equity raise program target from $1 billion to $6 billion, with $721 million already raised.
5. The company has appointed former BlackRock executive Joseph Chalom as co-CEO and Ethereum co-founder Joseph Lubin as chairman of its board.
Description
US-based gaming firm SharpLink has added over 77,000 Ethereum to its treasury as it cements itself as the second-largest corporate holder of the altcoin. SharpLink’s latest acquisition of 77,210 ETH, worth approximately $295 million, was finalised on July 28, according to on-chain data from Lookonchain. The company now holds more than 438,000 ETH, valued at over $1.69 billion, further solidifying its status as a leading institutional player in the Ethereum ecosystem. Interestingly, the latest bu...
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