Ethereum treasury SharpLink Gaming purchased $264.5 million in Ethereum final week, the Nasdaq-listed firm introduced on Tuesday.
The Minneapolis, Minnesota-based agency’s holdings have grown to 521,939 of the digital cash now price practically $1.9 billion after it purchased 83,561 ETH between July 28 to August 3, it mentioned.
Publicly traded SharpLink (SBET) was buying and selling lower than 1% larger on Tuesday at practically $19. SharpLink’s inventory has shot up by over 420% for the reason that finish of Could, when it was buying and selling for lower than $4 per share.
NEW: SharpLink now holds 521,939 ETH
Between July 28 – August 3, SharpLink acquired 83,561 ETH for $264.5M at a mean value of $3,634
ETH-per-share (“ETH Focus”) is now 3.66, up from 3.40 final week, and has elevated 83% since we started the technique on June 2nd
100%… pic.twitter.com/X1MFXFDj37
— SharpLink (SBET) (@SharpLinkGaming) August 5, 2025
SharpLink couldn’t be reached for remark.
SharpLink, which pivoted its focus from advertising, first introduced it had raised $425 million to determine an Ethereum treasury in Could. Since then, it has purchased extra digital cash as the worth of the second largest cryptocurrency by market worth has risen. In July alone, SharpLink spent $780 million on ETH.
ETH was just lately buying and selling at practically $3,631 per coin, in accordance to crypto knowledge supplier CoinGecko, down 0.4% over the previous 24 hours. The coin is about 34% under its all-time excessive of $4,878 that it hit in 2021.
Nonetheless, the coin has rallied by over 44% over a 30-day interval as American buyers piled into ETH exchange-traded funds. These funds have generated greater than $9.5 billion in web inflows since their debut final yr, based on U.Okay. asset supervisor Farside Buyers.
Different publicly traded corporations have additionally been constructing Ethereum treasuries with Peter Thield-backed Bitcoin miner BitMine Immersion snapping up 833,000 ETH price over $3 billion.
Ethereum treasuries are following a mannequin pioneered by Technique—previously MicroStrategy—which shifted from software program improvement to purchasing Bitcoin in 2020 after years of struggling and low share costs. Technique now holds 628,791 BTC price over $72 billion.
Different Nasdaq-listed corporations have adopted swimsuit—albeit largely smaller, lesser-known entities—by shopping for not solely Bitcoin and Ethereum however altcoins like Solana and XRP. Usually, these corporations have achieved at the least short-term inventory value good points, typically with huge spikes.
