SharpLink Gaming has intensified its strategic pivot toward cryptocurrency by accumulating over 205,000 Ethereum (ETH), cementing its position as a corporate leader in blockchain-focused treasury management. The company acquired an additional 7,689 ETH for approximately $19 million during recent weeks, bringing its total Ether reserves to 205,634 ETH—valued at more than $533 million.
Bolstering this expansion, SharpLink secured $64 million through the sale of 5.4 million shares, with proceeds earmarked primarily for further Ethereum acquisitions. This aligns with the company’s previously announced strategy to sell up to $1 billion in common stock to amplify its crypto exposure. Investor confidence surged following disclosure of the purchases, triggering a 28% single-day stock price increase that saw shares close at $16.29 during Tuesday’s trading session.
The firm now stakes 100% of its Ethereum holdings, generating tangible yield with 322 ETH in rewards accumulated since June. At current valuations, these staking rewards exceed $848,000. To enhance transparency around its crypto treasury decisions, SharpLink introduced an ‘ETH Concentration’ metric, highlighting its commitment to Ethereum-centric asset allocation.
Company chairman Joseph Lubin—co-founder of Ethereum—has championed this strategic emphasis on the blockchain’s ecosystem. SharpLink’s actions reflect a broader corporate trend toward institutional crypto adoption, with Ethereum staking and reserves emerging as central pillars in modern treasury frameworks.