SharpLink Gaming has solidified its position as the world’s largest corporate holder of Ethereum, amassing 280,706 ETH through aggressive acquisitions and a calculated treasury strategy involving staking and significant capital raises.
The company’s recent purchase of approximately 74,656 ETH at an average price of $2,852 boosted its holdings considerably, reflecting a total investment around $213 million. This acquisition formed part of a broader effort to dominate corporate Ether reserves.
Financing for the ETH purchases originated from an at-the-market (ATM) share offering that raised approximately $413 million. Roughly $257 million remains available for future Ethereum investments, affirming SharpLink’s commitment to expanding its ETH position.
Nearly 99.7% of SharpLink’s Ethereum holdings actively participate in staking protocols, yielding approximately 415 ETH in rewards since June. This approach enhances the company’s Ether reserves while leveraging Ethereum’s yield-generating capabilities.
The treasury strategy carries prominent backing from Ethereum co-founder Joseph Lubin, who chairs SharpLink’s board. Lubin—also serving as Consensys CEO—publicly endorses the company’s ETH-centric treasury approach, viewing it as strategic long-term positioning.
Investor reception has been highly positive, with SharpLink’s stock (SBET) climbing 10% after announcements. This market confidence underscores shareholder endorsement of its Ethereum treasury buildup and staking initiatives.