SharpLink Emerges as Largest Corporate Ethereum Holder with $213M Purchase

Key Points

1. SharpLink acquired approximately 74,656 ETH for around $213 million between July 7 and July 13, 2025, at an average price of $2,852 per ETH.

2. The company's total Ethereum holdings now stand at roughly 280,706 ETH, with 99.7% of it staked, earning approximately 415 ETH since June 2.

3. SharpLink's Ethereum treasury strategy began in late May 2025, coinciding with a $425 million private placement led by Consensys, with Ethereum co-founder Joseph Lubin as SharpLink’s chairman.

4. The company has not disclosed specific staking providers but emphasizes staking as a core component of its digital strategy.

5. SharpLink’s acquisition reflects growing institutional confidence in ETH as a long-term asset, with ETH concentration among top holders increasing by approximately 23% since June 13.