SharpLink Gaming has substantially increased its Ethereum position, growing holdings by 121% during July with purchases totaling 240,000 ETH. This strategic accumulation elevates the company’s total Ethereum treasury to 438,200 ETH, valued at approximately $1.4 billion.
The company simultaneously generated 722 ETH (equivalent to $2.8 million) through staking operations. Nearly all holdings have been allocated to Ethereum’s proof-of-stake validation protocols, optimizing yield generation through network participation.
This expansion positions SharpLink as the second-largest corporate Ethereum treasury globally. The company’s accumulation strategy aligns with broader institutional interest that recently propelled Ethereum to seven-month price highs above $3,900.
SharpLink maintains significant influence in Ethereum’s scaling infrastructure as a core member of the Linea Consortium. The consortium governs 75% of token allocation for Linea, Ethereum’s prominent layer-2 scaling solution designed for enhanced transaction efficiency.