SharpLink’s ETH Holdings Reach 360,807 with 567 ETH Earned from Staking
Main Idea
SharpLink Gaming, Inc. reported a significant increase in its ETH holdings to 360,807 ETH, driven by a record weekly purchase, and earned 567 ETH from staking, reflecting strong confidence in Ethereum's future.
Key Points
1. SharpLink Gaming's ETH holdings rose to 360,807 ETH, a 29% increase from the previous week, with a record purchase of 79,949 ETH at an average price of $3,238 per ETH.
2. The company's ETH concentration ratio increased to 3.06, up 53% since launching its digital treasury strategy on June 2.
3. SharpLink earned 567 ETH through staking rewards and still holds $96.6 million in unused net proceeds for additional ETH purchases.
4. Chairman Joseph Lubin emphasized the company's methodical approach to ETH accumulation, highlighting long-term growth objectives.
5. SharpLink's stock rose 10.6% to $27.94, with a market cap of $2.6 billion, signaling renewed investor interest in its ETH treasury strategy.
Description
Joseph Lubin-backed SharpLink Gaming, Inc. (Nasdaq: SBET), the world’s largest corporate holder of Ethereum reported a major expansion in its crypto treasury holdings for the week of July 14 to July 20, 2025. The company’s ETH balance rose to 360,807 ETH, reflecting a 29% increase from the previous week. This growth was driven by the purchase of 79,949 ETH—the largest weekly acquisition in the company’s history. The average purchase price for the week was $3,238 per ETH. SharpLink’s ETH concentr...
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