Sharplink Gaming increased its ethereum holdings to 360,807 ETH as of July 20, acquiring 79,949 more ether.
Sharplink Adds 79,949 ETH, Total Holdings Tap 360,807
The holdings represent a 29% increase from the previous week. The company paid an average price of $3,238 per ETH for the newly acquired tokens. Sharplink also holds $96.6 million in net proceeds from its At-The-Market (ATM) share facility designated for future ether purchases but not yet deployed.
Since launching its digital treasury strategy on June 2, 2025, Sharplink has generated a significant 567 ETH through staking rewards. The company’s ethereum concentration, a measure of its treasury allocation, rose to 3.06, a 53% increase since the strategy began, according to today’s announcement.
Moreover, during the announcement, Sharplink acknowledged the signing of the GENIUS Act into law by President Trump. The company stated the bipartisan legislation establishes a regulatory framework for digital assets and smart contracts in the United States.
Headquartered in Minneapolis, Minnesota, and traded on Nasdaq (SBET), Sharplink identifies itself as the world’s largest publicly traded corporate holder of ethereum as its primary treasury reserve asset. A great deal of other companies have joined in on the ether treasury trend.
The company also operates in the online gaming and sports betting sector, aiming to utilize blockchain technology like smart contracts and DeFi protocols within its platforms. Now, the real mystery? Whether doubling down on crypto treasuries will hit the jackpot or will it leave ETH-heavy treasury firms holding the bag.
