SharpLink’s $1.3B Investment Sparks Ethereum Hype as Holdings Reach 438,190 $ETH
SharpLink Gaming, a publicly traded company on Nasdaq (SBET), has set off a new wave of excitement in the Ethereum ($ETH) ecosystem with its aggressive treasury accumulation. Their recent investment totals nearly $1.3 billion—now making SharpLink the holder of 438,190 ETH as of late July 2025, a stash that reportedly surpasses even the Ethereum Foundation’s on-chain balances.
Strategic Ethereum Treasury: SharpLink is actively positioning ETH as its main treasury reserve asset. This acquisition spree is funded by regular capital raises, including equity and At-the-Market (ATM) offerings, pulling in substantial sums each week to expand their Ethereum holdings.
