SharpLink Expands Ethereum Holdings to $1.65 Billion, Solidifying Its Position as Top Corporate ETH Holder
SharpLink Gaming has significantly increased its Ethereum (ETH) holdings to an estimated $1.65 billion. Over the past days, SharpLink executed multiple purchases amounting to $54 million in ETH, raising its total Ether balance to approximately 480,031 coins, according to blockchain data analytics from Arkham Intelligence.
SharpLink Gaming has significantly increased its Ethereum (ETH) holdings to an estimated $1.65 billion. Over the past days, SharpLink executed multiple purchases amounting to $54 million in ETH, raising its total Ether balance to approximately 480,031 coins, according to blockchain data analytics from Arkham Intelligence.
Notably, one of the largest single transactions involved acquiring 6,914 ETH, valued at $23.56 million at current prices.
SharpLink( @SharpLinkGaming ) received another 15,822 $ETH ($53.9M) 6 hours ago.
They spent 108.57M $USDC to buy 30,755 $ETH in the past 2 days, with an average buying price of $3,530.
SharpLink now holds a total of 480,031 $ETH ($1.65B). pic.twitter.com/EX6r4mQXCY
— Lookonchain (@lookonchain) August 3, 2025
This aggressive accumulation is part of SharpLink’s broader strategy to position Ethereum as the primary asset of its treasury reserves. Over the last 48 hours alone, the company spent $108.57 million in USDC (USD Coin) to buy 30,755 ETH at an average price of $3,530 per coin. Earlier activity includes $43.09 million spent on purchasing 11,259 ETH at an average price of $3,828.
SharpLink’s escalating ETH stake places it among the largest known corporate holders of Ethereum, surpassing the Ethereum Foundation and establishing itself as the leading public corporate owner. The company has publicly committed to Ethereum not merely as part of its strategy, but as its entire strategic foundation. This is underscored by its practice of staking over 95% of its holdings to generate passive yield and support the Ethereum network’s security.
The firm’s leadership, including Chairman Joseph Lubin—co-founder of Ethereum and CEO of ConsenSys—frames this move as a pivotal point for institutional adoption of cryptocurrency. Lubin and SharpLink’s executives view Ethereum as foundational infrastructure for decentralized finance and digital commerce, emphasizing its programmability and staking rewards as key benefits beyond simple token ownership.
SharpLink’s expansion aligns with a rising trend among corporations adopting Ethereum in their treasuries. Other major players, such as BitMine Immersion and The Ether Machine , are also aggressively accumulating ETH, reflecting growing confidence in Ethereum as a cornerstone for finance and technological innovation within tokenized economies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
