Sharplink Gaming has heavily invested in Ethereum, buying over 21,487 ETH worth over $64 million in just 6 hours through OTC transactions.
The expansion of Ethereum's cryptocurrency treasury has helped Sharplink become the largest ETH holder in the world, while also driving the company's stock growth beyond the value of the ETH held.
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Sharplink Gaming has spent over $600 million to purchase a total of 253,000 ETH, becoming the largest ETH holder globally.
Sharplink's stock has increased by 486% since the company began investing in ETH, far exceeding ETH's increase of 17%.
ETH surpassing $3,000 boosts confidence in the Altcoin season, with over 80% of ETH currently in profit compared to the initial purchase price.
At what level and scale has Sharplink recently purchased ETH?
Sharplink Gaming has just completed the purchase of an additional 21,487 ETH, worth $64.24 million, through OTC transactions in just 6 hours via Galaxy Digital and Coinbase Prime. This is part of their ongoing strategy to buy ETH, having previously purchased 10,000 ETH from the Ethereum Fund for over $25 million.
According to analysis from crypto expert Ember CN, Sharplink currently holds about 253,000 ETH with an average purchase price of $2,647/ETH. This occurred in less than two months, surpassing the initial capital raised of $425 million, indicating the company's aggressive cryptocurrency investment strategy.
Investing in the Ethereum treasury is the perfect time as ETH continues to rise, helping us generate substantial profits on our asset portfolio.
Joe Lubin, President of Consensys and co-founder of Ethereum, July 2025
How effective is the ETH treasury strategy?
Sharplink (stock code SBET) has recorded stock growth of up to 486% since it began accumulating ETH. In the same period, ETH's price has only increased by about 17%, demonstrating the superior profitability of the company's stock compared to the crypto assets held.
This is similar to MicroStrategy (now Strategy), as MSTR stock increased by 44.86% in 2025, much higher than Bitcoin's 24.75% increase. Although SBET's current market price is still below the peak of $124 in May, the stock is still trading at a much higher level than the value of ETH held by the company.
Currently, Sharplink is the largest ETH holder in the world, surpassing the Ethereum Fund with 242,489 ETH.
What does ETH reaching $3,000 mean for the cryptocurrency market?
ETH price surpassing $3,000 for the first time since February 2025 marks an important psychological and financial threshold. According to Santiment data, over 124 million ETH (out of a total of 155 million ETH in circulation) are valued above the original price, meaning 4/5 of the ETH supply is profitable.
This trend fuels expectations for a new Altcoin season, as ETH has maintained strong growth in recent weeks, with ETH futures trading volume even surpassing Bitcoin, at $62.1 billion compared to $61.7 billion in 24 hours.
The decrease in Bitcoin's dominance from 66% to 64.5% is drawing attention to the Altcoin market. At the same time, ETH ETF funds are attracting significant capital, reaching $1.10 billion in July 2025, making this month the second highest inflow month for ETH ETF since its launch in 2024.
ETH's growth surpasses previous predictions, while also driving interest shifts towards Altcoins and related financial products such as Ethereum ETF.
Mike McGlone, Senior Analyst at Bloomberg, July 2025
Comparison of Sharplink stock growth and related assets
Sharplink Index (SBET) Ethereum (ETH) Strategy (MSTR) Bitcoin (BTC) Price growth since investing in ETH 486% 17% 44.86% 24.75% Current market capitalization $1.55 billion – – – Corresponding ETH value per share 0.00353 ETH (~$10.40) – – –
Frequently asked questions
Through what methods has Sharplink purchased Ethereum?
Sharplink primarily conducts ETH purchases through OTC transactions via Galaxy Digital and Coinbase Prime to ensure large volume and the best price efficiency.
Why are Sharplink's stocks growing stronger than ETH?
Sharplink's stock is priced based on the company's future development in the gaming and cryptocurrency industries, along with the effect of accumulating ETH treasury, which increases investor confidence.
What does ETH surpassing $3,000 mean in the cryptocurrency market?
This is an important psychological price level, signaling a strong return to growth and triggering expectations for an Altcoin season, while attracting significant capital flows from ETF funds.
Is Sharplink currently the largest ETH holder?
Yes, with over 253,000 ETH, Sharplink has surpassed the Ethereum Fund to become the largest ETH holder in the world.
How does Sharplink's investment in ETH affect the market?
Sharplink contributes to creating liquidity and significant buying pressure in the ETH market, while also helping to boost investor confidence and interest in cryptocurrencies.
Source: https://tintucbitcoin.com/ethereum-tang-vot-voi-giao-dich-64-trieu/
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