SharpLink Gaming has dramatically expanded its Ethereum portfolio, acquiring $225 million worth of ETH to bring total holdings to approximately 280,000 ETH valued the company among the company among the company among the top institutional holders of Ethereum as the cryptocurrency’s price continues its upward trajectory.
The firm’s aggressive accumulation strategy fueled a stock price surge exceeding 160% over the past month. SharpLink further enhanced its holdings through staking rewards, earning approximately 94 ETH ($283,000) while aligning with Ethereum’s network mechanisms. The company also bolstered its financial position by raising $413 million in cash reserves increasing its ETH increasing its ETH-per-share ratio by 23% to 2.46 ETH.
Ethereum co-founder Joe Lubin recently highlighted intense institutional buying pressure, likening treasury firms’ activity to an ‘industrial shop vacuum’ absorbing excess ETH supply. This trend underscores growing corporate confidence in Ethereum’s long-term value proposition amid expanding blockchain adoption.