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Key Takeaways:
- SharpLink Gaming adds 26,192 ETH worth $96M during Ethereum’s price correction.
- ETH holdings now total over $1.63B, ranking SharpLink as the second-largest ETH treasury firm.
- Co-founder Joseph Lubin aims to make SharpLink the fastest ETH accumulator globally.
Amid Ethereum’s recent price dip to $3,500, Nasdaq-listed SharpLink Gaming (NASDAQ: SBET) has ramped up its ETH holdings with a bold $96 million purchase. The move adds 26,192 ETH to the company’s treasury, bringing its total holdings to 464,382 the coin, worth approximately $1.63 billion.
Despite a 12.5% decline in the coin price following a rejection at the $4,000 level, SharpLink continues to bet big on Ethereum’s long-term potential. This is the firm’s second major purchase within the same week, signaling confidence in the asset’s foundational role in the future digital economy.
Joseph Lubin: “We Want to Be the Fastest ETH Buyers”
Ethereum co-founder Joseph Lubin, who now spearheads SharpLink’s ETH treasury strategy, reaffirmed the company’s aggressive accumulation plans. In a recent interview with Bloomberg, Lubin stated:
“We believe we’ll be able to accumulate more Ether, per fully diluted share, faster than any other Ethereum-based or Bitcoin-based project.”
As part of this strategy, SharpLink has transferred $55 million in USDC to centralized exchanges via Galaxy Digital to support ongoing purchases.
Ethereum is becoming the base layer for a trillion-dollar digital economy.
— SharpLink (SBET) (@SharpLinkGaming) August 1, 2025
It replaces institutional trust with open, verifiable code.
We are still early.
ETH Treasuries Cross $10B as SharpLink Climbs to #2 Spot
SharpLink now ranks second among the coin treasury firms, trailing only Bitmine Technologies. The broader ETH treasury sector has grown rapidly, with over $10 billion in assets under management, largely accumulated over the past two months.
Also Read: Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600
Despite short-term price weakness and the first outflows from Ethereum spot ETFs in over 20 days, treasury accumulation trends remain strong. SharpLink emphasized on X: “Ethereum is becoming the base layer for a trillion-dollar digital economy. We are still early.”
A Bold Bet on Ethereum’s Future
SharpLink Gaming’s aggressive the coin accumulation during a price pullback underscores its strong conviction in Ethereum’s role as digital infrastructure. While the short-term market remains choppy, institutional moves like this signal growing confidence in ETH’s long-term value proposition.
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.
