SharpLink Secures 438K ETH, Spending $290M in Weeklong Buying Spree
Main Idea
SharpLink Gaming has significantly increased its Ethereum holdings to 438,190 ETH, spending $290 million in a week, and has become the largest public holder of Ethereum, with most of its holdings staked or deployed through liquid staking platforms.
Key Points
1. SharpLink Gaming acquired approximately 77,210 ETH for around $290 million between July 21–27, 2025, at an average price of $3,756 per ETH.
2. The company's ETH-per-share ratio rose to 3.40, a 70% increase since the strategy began on June 2, 2025.
3. SharpLink raised $279.2 million through an at-the-market (ATM) share issuance facility to fund its Ethereum purchases.
4. Joseph Chalom, former digital asset strategist at BlackRock, joined SharpLink as Co-CEO on July 24, 2025.
5. SharpLink is now the largest public company holding Ethereum, with 360,807 ETH valued at approximately $1.33 billion, and over 95% of its Ethereum is staked or deployed through liquid staking platforms.
Description
SharpLink Gaming, Inc. (Nasdaq: SBET), known for its bold Ethereum accumulation strategy, has confirmed it now holds approximately 438,190 ETH as of July 27, 2025. NEW: SharpLink now holds ~438,190 ETH Between July 21–27, SharpLink acquired ~77,210 ETH for ~$290M at an average price of ~$3,756 ETH-per-share (“ETH Concentration”) is now ~3.40, up from ~3.06 last week, and ~70% since we began the strategy on June 2nd Cumulative staking… pic.twitter.com/4H9DYQ0Ukv — SharpLink (SBET) (@SharpLinkGami...
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