📢 SharpLink Gaming Adds $ETH to Treasury, Total Holdings Exceeds 307 Thousand ETH👇
SharpLink Gaming, a technology company operating in the gaming sector, has again increased its Ethereum ($ETH) holdings by 10,850 ETH. With this addition, their total ETH reserves now reach 307,358 ETH — worth approximately $1.03 billion based on current market prices.
In recent days, a number of large transactions involving Coinbase and even burn addresses have been recorded, with transfer amounts ranging from $20 million to $76 million. All of this is part of the ETH-based treasury strategy that SharpLink has been implementing since 2024, after they closed a private placement worth $425 million.
From the beginning, the funds have been specifically allocated to accumulate Ethereum as a primary reserve asset. Not only buying spot ETH, SharpLink has also partnered with Liquid Collective to tokenize reserves into IsETH, showing that they are serious about building long-term exposure to this asset.
SharpLink’s move clearly emphasizes a new trend: Ethereum as an alternative treasury asset, not just Bitcoin. If this move is followed by other corporations, it is not impossible for ETH to undergo a reevaluation of its position in the institutional investment landscape.
However, of course, there are still risks: the volatility of ETH and accounting impacts such as impairment loss still loom. This has also been emphasized in their previous internal company report.
📌 Disclaimer: Not Promotion & Not Financial Advice
