Key Takeaways:
SharpLink Gaming acquired 79,949 ETH for $259M, becoming the largest corporate ETH holder.
$ETH holdings surged to 360,807, valued at ~$1.3B, surpassing BitMine Immersion.
Strategic treasury moves and staking yield signal long-term Ethereum conviction.
SharpLink Gaming has reignited the Ethereum treasury race with a record-breaking $259 million purchase of $ETH , reclaiming its spot as the world’s largest publicly traded ETH holder. The acquisition of nearly 80,000 ETH at an average price of $3,238 comes amid rising institutional interest in crypto treasury strategies. With total holdings now exceeding 360,000 ETH, SharpLink is doubling down on its belief in Ethereum’s long-term value and utility.
SharpLink’s Strategic ETH Accumulation
The latest purchase marks SharpLink’s most aggressive ETH buy to date, pushing its total holdings to 360,807 ETH. This move follows a $49 million acquisition just days earlier, underscoring the company’s commitment to Ethereum as its primary treasury reserve asset. The acquisition not only reestablishes SharpLink’s dominance over BitMine Immersion but also reflects a broader trend of corporate crypto adoption. With ETH prices surging past $3,800, the timing of the buy signals confidence in Ethereum’s future performance.
Staking and Treasury Optimization
SharpLink isn’t just holding ETH, it’s putting it to work. Nearly all of its ETH holdings are staked, generating consistent yield and reinforcing its treasury strategy. The company has earned over 415 ETH in staking rewards since launching its crypto treasury initiative in June 2025. Additionally, SharpLink’s proprietary “ETH Concentration” metric has climbed 23% in just over a month, indicating growing exposure relative to its capital structure. With $257 million still unallocated, further ETH buys may be on the horizon.
Ethereum’s Institutional Momentum
SharpLink’s aggressive ETH accumulation reflects a broader shift in institutional sentiment. As Ethereum continues to evolve with staking, Layer-2 scaling, and real-world asset tokenization, companies are increasingly viewing ETH as a strategic asset. SharpLink’s move may inspire other firms to follow suit, especially as regulatory clarity improves and staking yields remain attractive. The Ethereum treasury race is far from over, and SharpLink is setting the pace.