Ethereum (ETH) treasury company SharpLink Gaming has resumed purchasing ETH. The company made its first purchase of ETH since August 2025, acquiring an additional 19,271 ETH at an average purchase price of $3,892 per ETH.
SharpLink increases its Ethereum holdings to $3.5 billion
Minneapolis-based SharpLink Gaming announced today that it has increased its total ETH holdings by 19,271 ETH. The company’s total ETH holdings now stand at 859,853 ETH, valued at nearly $3.5 billion.
The company revealed that it raised $76.5 million in gross proceeds last week, excluding placement agent fees and other related expenses. These proceeds were used to fund the latest purchase of ETH. Joseph Chalom, co-founder of SharpLink Gaming, said:
Our top priority remains creating shareholder value through disciplined execution and a consistent focus on accretive ETH accumulation. The capital increase carried out last week was executed at a premium to the net asset value. Shortly after, we took advantage of attractive market conditions to acquire ETH at prices lower than our capital raise. This sequence was immediately accretive for shareholders and demonstrates the precision of our strategy.
The Nasdaq-listed company also said that its total ETH staking rewards increased to 5,671. To recall, SharpLink Gaming had launched its ETH-focused corporate treasury strategy in June 2025.
The company also reported a 100% increase in Etheruem concentration. The measure rose to 4.0, up 100% since June 2025.
For the uninitiated, Ethereum concentration measures the amount of ether SharpLink holds per 1,000 assumed diluted shares, providing insight into the company’s crypto exposure relative to its total potential equity base. It is calculated by dividing total ETH holdings (including LsETH) by all issued and potentially issued shares, without using the stock buyback method or considering vesting or conversion restrictions.
Following today’s announcement, SharpLink Gaming’s SBET stock is down 2.64%, trading at $14.40 at the time of writing. The stock is up more than 440% over the past six months.
ETH takes the spotlight against other cryptocurrencies
The year 2025 has seen unprecedented growth in the number of companies adopting a crypto-focused corporate treasury strategy, not limited to major digital assets like Bitcoin (BTC) or ETH.
For example, CleanCore Solutions, listed on the NYSE, recently announcement that its Dogecoin (DOGE) treasury had exceeded 710 million DOGE. The company aims to add 1 billion DOGE to its balance sheet.
That said, Ethereum’s adoption rate has outpaced all other digital assets – including BTC – throughout the year. Recently, the Ethereum whale BitMine bought An additional 203,800 ETH, effectively holding 2.7% of Ethereum’s circulating supply. At press time, ETH is trading at $3,988, up 0.8% in the last 24 hours.
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