Key Takeaways:
- SharpLink now holds 188,478 ETH, second only to the Ethereum Foundation.
- All ETH is staked, generating yield and supporting blockchain protocols.
- The firm’s active crypto treasury strategy may become a model for other public companies.
SharpLink Gaming has significantly expanded its Ethereum (ETH) holdings, acquiring an additional 12,207 ETH between June 16 and June 20. The purchase, made at an average price of $2,513 per coin, added more than $30 million worth of ETH to its balance sheet—raising the firm’s total holdings to 188,478 ETH, currently valued at around $461 million.
🔥 SharpLink is absolutely crushing it with their #Ethereum strategy! They've added another 12,207 $ETH to their holdings (over $30.6M!), making their total a whopping 188,478 $ETH. That's the largest ETH treasury of any public company worldwide!
— Tito (@0xWhale_tito) June 25, 2025
What's even cooler? All of it's… pic.twitter.com/gElaFQsa7p
This marks SharpLink’s second major ETH purchase in recent weeks, cementing its position as one of the largest corporate Ethereum holders—second only to the Ethereum Foundation.
ETH Deployed in Staking and DeFi Protocols
Unlike many corporate players who simply hold digital assets, SharpLink actively deploys its ETH into staking and decentralized finance (DeFi) protocols. All 188,478 ETH in its treasury is staked, generating passive income through network participation.
Since June 2, the firm has earned 120 ETH in rewards. This staking approach has resulted in an ETH-per-share growth rate of 18.97%, underlining SharpLink’s commitment to turning its crypto assets into productive treasury components.
Share Sale Fuels Ethereum Acquisition
To finance the June ETH purchase, SharpLink sold over 2.5 million shares through its at-the-market (ATM) program, raising $27.7 million in net proceeds. The company promptly directed these funds toward the Ethereum buy, signaling investor funds were being used for strategic digital asset growth.
Following the announcement, SharpLink’s stock price rose 11% to $10.02. Despite this uptick, shares remain down 72% over the past month, largely due to market misinterpretations of an earlier SEC filing suggesting insider selling.
SharpLink’s Treasury Model Reflects Crypto Adoption Trend
SharpLink’s Ethereum-focused treasury mirrors similar strategies previously seen in Bitcoin-centric firms. However, by leveraging staking and DeFi, SharpLink moves beyond passive crypto ownership, representing a new generation of corporate crypto engagement.
This yield-driven approach not only diversifies its treasury but also embeds blockchain utility into its financial strategy—potentially setting a precedent for other public companies considering active crypto deployment.
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Ethereum’s price has shown minor movement, rising 0.55% in the last 24 hours to $2,428—slightly below SharpLink’s average acquisition cost. The uptick follows news of a ceasefire between Iran and Israel, easing regional tensions and lifting crypto markets modestly.
Despite volatility, SharpLink continues to grow its ETH position, signaling a long-term belief in Ethereum’s future and its role in decentralized finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
