SharpLink adds $177 million in Ethereum, reaching 837.000 ETH
- SharpLink expands treasury to 837.000 ETH
- Ether purchase cost around US$177 million
- Joseph Lubin Leads Ethereum Treasury Strategy
SharpLink Gaming (SBET), a Minnesota-based digital treasury company, announced the purchase of 39.008 ether last week, at an average price of $4.531 per unit. With the acquisition, its reserves grew to 837.230 ETH, valued at approximately $3,6 billion in early September.
NEW: SharpLink acquired 39,008 ETH at an average price of ~$4,531, bringing total holdings to 837,230 ETH, valued at ~$3.6B.
Key highlights for the week ending Aug 31st, 2025:
→ Raised $46.6M through the ATM facility
→ Added 39,008 ETH at ~$4,531 avg. price
→ Staking… pic.twitter.com/dy7x1Ux0NY— SharpLink (SBET) (@SharpLinkGaming) September 2, 2025
The transaction was largely funded by $46,6 million in net proceeds from the sale of shares in the market for the week ending August 31. The total investment in the acquisition amounts to approximately $177 million, reinforcing SharpLink's position among the largest public corporate holders of Ethereum.
In addition to the purchases, the company reported that its accumulated staking rewards since the launch of the treasury strategy on June 2nd have now reached 2.318 ETH. SharpLink still maintains $71,6 million in cash ready for further allocations and highlighted that its "internal ETH concentration" has risen to 3,94, which translates to nearly four dollars in ETH for every dollar in cash, if all available funds are converted.
Joseph Lubin, co-founder of Ethereum and CEO of Consensys, took over as CEO of SharpLink in May 2025, following a $425 million private investment round led by Consensys and other strategic investors. His leadership strengthened the company's strategy of consolidating Ethereum as its primary treasury asset.
The move comes at a time of strong expansion in corporate ether treasuries. Market data shows that public reserves focused on Ethereum jumped from around $4 billion in early August to over $12 billion by the end of the month, driven by significant acquisitions by SharpLink and BitMine Immersion, which recently disclosed holding 1,71 million ETH.
On the market, SBET shares closed down 3,5% last Friday, trading at $17,8 on September 2. Ether, meanwhile, registered a slight decline of almost 2%, trading around $4.300, reflecting the period of stability in the cryptocurrency sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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