SharpLink Gaming Increases Ether Holdings to Over 205,000 ETH, Plans Full Commitment to Staking
2025-07-09 06:17:55
Main Idea
SharpLink Gaming has significantly increased its Ethereum holdings to over 205,000 ETH, committing fully to staking and leading a corporate shift toward Ethereum-focused treasury strategies.
Key Points
1. SharpLink Gaming acquired 7,689 ETH for approximately $19 million between late June and early July, bringing total Ether holdings to 205,634 ETH, valued at over $533 million.
2. The company raised $64 million through the sale of more than 5.4 million shares, primarily for further Ether purchases, and previously announced plans to sell up to $1 billion in common stock.
3. Following the announcement of the latest ETH purchase, SharpLink's shares surged over 28% during Tuesday’s trading session, closing at $16.29.
4. SharpLink is fully committed to Ethereum staking, generating 322 ETH in rewards since early June, equivalent to approximately $848,750 at current prices.
5. The company introduced the ETH Concentration metric to increase transparency in its treasury composition, as highlighted by Ethereum co-founder and SharpLink chairman Joseph Lubin.
Description
SharpLink Gaming has significantly expanded its Ether holdings, now totaling over 205,000 ETH, underscoring its strategic pivot toward Ethereum staking and treasury management. The company’s aggressive acquisition strategy, fueled by
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