SharpLink Gaming, a U.S.-based company listed on Nasdaq under the ticker $SBET, has continued expanding its Ethereum holdings. Between June 28 and July 4, 2025, the company bought 7,689 ETH at an average price of $2,501 per ETH, spending about $19.2 million.
As per the announcement, SharpLink now holds a total of 205,634 ETH in its treasury. It has also committed 100% of these ETH holdings to staking and restaking. With Ethereum trading around $2,571, SharpLink’s total holdings are currently worth approximately $528.63 million.
Since starting this strategy on June 2, SharpLink has earned about 322 ETH in staking rewards, including 100 ETH just last week. The company says this strategy helps it generate extra value from its crypto holdings.
To fund its crypto purchases, SharpLink raised $64 million by selling around 5.4 million shares through its ATM (At-The-Market) facility. About $37.2 million from that amount is still waiting to be invested into ETH this week.
After the announcement, SharpLink’s stock, SBET, gained significantly. The SBET stock is up 20% today, trading at $15.12 as of writing. It boasts a strong 85% gain year-to-date, boosted by its Ethereum-focused treasury strategy.
SharpLink also introduced a new metric called “ETH Concentration,” which shows how much ETH is held per 1,000 shares of company stock. This helps investors understand the relationship between ETH holdings and total shares. Since June 13, this metric has risen from 2.00 to 2.37 ETH per 1,000 shares, marking an 18.8% increase in just three weeks.
Joseph Lubin, the company’s Chairman and also a co-founder of Ethereum, said that SharpLink’s success comes from its disciplined ETH-first treasury strategy and its focus on transparency. He emphasized that the company is setting a new standard for digital asset management among publicly traded firms.
Also Read: SharpLink Adds $2 Million ETH, Stock Jumps 28% in 24 Hours
