SharpLink Doubles Down: Adds $54M in ETH to Reach $1.65B Treasury Holdings
Aggressive Accumulation Continues
SharpLink Gaming has purchased an additional 15,822 ETH ($53.9M) in its latest buying spree, bringing its total Ethereum holdings to 480,031 ETH ($1.65B). The Nasdaq-listed firm has now spent $108.57M in USDC over 48 hours to acquire 30,755 ETH at an average price of $3,530.
Key Transactions
Largest Single Buy: 6,914 ETH ($23.56M)
Previous Purchase (July 31): 11,259 ETH ($43.09M at $3,828 avg)
Total ETH Reserves Now Equal: ~0.4% of circulating supply
Corporate ETH Arms Race Heats Up
SharpLink’s moves come amid a surge in institutional Ethereum adoption:
The Ether Machine – Recently bought 15,000 ETH ($56.9M), now holds 334,757 ETH (surpassing Ethereum Foundation)
BitMine Immersion – Leads with $1.8B ETH treasury
BlackRock’s ETH ETF – Crossed $12B AUM this week
Why Corporations Are Betting Big
Ray Youssef (NoOnes CEO) identifies three key drivers:
✅ Staking Yields: 3.8% APY vs. traditional bonds
✅ Tokenization Hub: 58% share of $13.4B RWA market
✅ Regulatory Clarity: SEC’s ETH ETF approval de-risked holdings
Market Impact
ETH Price: Holding $3,455 despite market-wide dip
Futures Open Interest: Up 18% since SharpLink’s buying began
Staking Inflows: Corporate validators now control 11% of staked ETH
What’s Next?
August 15: SharpLink’s Q2 earnings (treasury strategy update expected)
September: ETHM IPO filing (The Ether Machine’s public debut)
"This isn’t speculation—it’s a strategic shift toward blockchain-native corporate treasuries."
