SharpLink's Ethereum holdings soar by 97% over two months, with staking fueling its DeFi investment
- SharpLink Gaming boosted ETH holdings to 837,230, valued at $3.6B, with 17% weekly growth driven by $4,531 avg purchase price. - Staking rewards added 2,318 ETH since June, while ETH Concentration metric rose 97% to 3.94 per 1,000 diluted shares. - $2.9B ATM financing and $1.5B buyback plan highlight strategic bet on Ethereum's DeFi infrastructure and long-term value creation.
SharpLink Gaming, Inc. (Nasdaq: SBET) has announced a notable growth in its
The unrealized gains are attributed to the rising value of ETH, with the company’s average acquisition cost increasing over time. For example, the average buy price moved from $3,634 in early August to $4,531 by the end of the month. Experts point out that SharpLink’s expanding ETH position fits its strategy to benefit from Ethereum’s market trends for shareholder advantage. The firm’s treasury currently holds about $71.6 million in cash and equivalents, including $46.6 million raised through its At-the-Market (ATM) program during the week of August 25–29.
SharpLink’s robust approach to acquiring ETH has been fueled by its ATM initiative, which has generated a total of $2.9 billion since June 2025. In addition, the company has authorized a $1.5 billion share repurchase program, reflecting confidence in its financial foundation. The board’s move to prioritize ETH over conventional treasury assets highlights its commitment to Ethereum’s future in decentralized finance (DeFi) and smart contract technology.
The company’s openness is demonstrated by its ETH Concentration metric, giving investors a transparent look at its digital asset holdings. This figure, calculated by dividing ETH assets by the number of diluted shares, rose from 3.40 in July to 3.94 by late August. The increase is due to both new acquisitions and staking rewards, with the latter adding 0.5 ETH in the latest week.
Although the company has not provided an exact figure for total unrealized profits, the change in valuation from $3.7 billion in mid-August to $3.6 billion by the end of August indicates substantial gains. This difference may be due to market price changes or accounting revisions. SharpLink’s forward-looking statements remind investors that future outcomes will depend on ETH’s price movements and the broader regulatory landscape.
By making Ethereum its primary treasury asset,
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.
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