according to the website - By Coincu
Since August 1, the reserve organization Ethereum has accumulated 41,452 ETH worth 148 million US dollars. All assets are staked in the PoS network through Figment.
This move underscores the strategic focus on Ethereum and may influence market dynamics and staking growth.
The accumulation of SharpLink Ethereum worth 148 million US dollars stimulates market interest.
SharpLink Gaming, known for its significant public Ethereum assets, continued to accumulate ETH in early August 2025. By acquiring and staking over 41,000 ETH through Figment, this move reflects previous strategies and highlights SharpLink's focus on treasury management and the potential of Ethereum. The expansion of staking activity aligns with SharpLink's recent capital raising through an ATM, primarily for acquiring ETH. This latest purchase demonstrates an unwavering commitment to Ethereum as a strategic asset and a tool for generating yield in staking networks.
Joseph Chalom, co-CEO of SharpLink Gaming, Inc., stated: 'Our growing ETH portfolio, recently exceeding 438,000 ETH, reflects our firm belief in the long-term value of Ethereum for both treasury management and generating yield from staking.'
Ethereum's market share is 11.48%, indicating its significant role in the cryptocurrency sector despite price fluctuations. SharpLink's continuous accumulation of ETH may further influence the relative stability of the Ethereum market. According to CoinMarketCap, the current price of Ethereum (ETH) is $3545.98, with a market capitalization of $428.03 billion. Recent trading volume reached $20.19 billion, indicating a decrease of 31.96%. The price of Ethereum has increased by 3.73% in the last 24 hours and by 95.12% over the past 90 days.
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