SharpLink Gaming, a leading company in online marketing for sports betting and international iGaming, made a significant investment between July 7 and July 13, 2025, acquiring 74,656 Ethereum (ETH) for approximately $213 million. The average price per coin during this transaction was $2,852.
This is reported by Finway
SharpLink Strengthens Its Position in the Ethereum Market
Following the recent purchase, SharpLink’s total Ethereum reserves reached 280,706 ETH, solidifying the company’s status as the largest corporate owner of this cryptocurrency in the world. The company noted that over 99.7% of its ETH has been staked, including in liquid staking, which has already generated approximately 415 ETH in income since June 2, 2025.
Capital Raising and Strategic Moves
In addition to expanding its cryptocurrency portfolio, SharpLink successfully raised approximately $413 million in net proceeds through its at-the-market (ATM) program within just five days—from July 7 to July 11. Of this amount, $156 million has already been allocated for the purchase of ETH, while another $257 million remains available for future cryptocurrency investments.
The company reported a 23% increase in the share of Ethereum in its portfolio since June 13, indicating a focus on a long-term digital growth strategy. SharpLink emphasized that such asset concentration is part of a global strategy to strengthen its position in blockchain technology.
“We remain committed to transparency and best practices in treasury management.”
It is worth noting that these steps continue the company’s extensive strategy for investing in Ethereum. Back in May, SharpLink announced its intention to create a $425 million Ethereum reserve, and in June, it purchased 176,000 ETH for $463 million. On July 11, the company acquired an additional 10,000 ETH directly from the Ethereum Foundation. SharpLink’s Chairman, Joseph Lubin—co-founder of Ethereum and CEO of Consensys—stressed that these actions are part of the company’s long-term commitments in the cryptocurrency space.