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SharpLink Acquired 77K More ETH, Boosting Holdings Over $1.6B
The firm, led by Joesph Lubin, has emerged as one of the largest corporate ether holders since its pivot to a crypto treasury strategy.
Jul 29, 2025, 2:00 p.m.
What to know:
- SharpLink purchased 77,209 ETH last week, raising total holdings to 438,190 ETH.
- The company also raised $279 million through its at-the-market equity program during the same period.
SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury firm helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, unveiled on Tuesday that its ether holdings increased to 438,190 tokens, worth roughly $1.68 billion at current prices
The company bought 77,209 ether , or $297 million, through the week ending on July 27. It has also raised $279 million by selling shares, tapping at-the-market equity facility.
STORY CONTINUES BELOW
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Shares are lower by another 7% today, now trading at $19.46 versus its 52-week high of $124 reached just two weeks ago, but still
The Minneapolis-based firm has pursued an aggressive treasury strategy since its late May pivot, raising funds to accumulate the second-largest cryptocurrency and staking the tokens in exchange for rewards. The firm said it has earned 722 ETH since then,
The firm recently appointed former BlackRock executive Joseph Chalom as co-CEO.
Read more: Ether-Focused SharpLink Appoints Former BlackRock Executive as Co-CEO
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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