Sharplink Gaming has significantly expanded its Ethereum treasury reserves under Chairman Joseph Lubin’s leadership, acquiring an additional 18,680 ETH to reach total holdings of approximately 498,884 ETH. This strategic accumulation positions the company among major corporate holders of the cryptocurrency.
Funding for the recent acquisition was executed through an At-The-Market (ATM) equity facility in July 2025, demonstrating Sharplink’s innovative approach to capital allocation for digital asset procurement. Lubin, co-founder of Ethereum and architect of the company’s treasury strategy, emphasized Ethereum’s foundational role in modern digital finance as core to the acquisition rationale.
The substantial ETH reserves enhance Sharplink’s market positioning while reflecting broader institutional recognition of Ethereum’s utility in digital commerce. This move signals growing corporate confidence in Ethereum’s long-term value proposition and underscores the asset’s accelerating adoption as a treasury reserve instrument within traditional business frameworks.