SharpLink Gaming Becomes Largest Corporate Ether Holder

nexthzone

Editor

Add to My Circle

posted on 7 hours ago — updated on 1 second ago

30
views

SharpLink Gaming, a Nasdaq-listed online gambling marketing company, has become the largest corporate Ether holder with 280,706 ETH, surpassing the Ethereum Foundation. Backed by recent $413M share sales, SharpLink holds 99.7% of its ETH staked, signaling strong institutional confidence in Ethereum’s long-term value and staking rewards.

SharpLink Gaming, a Nasdaq-listed online gambling marketing and sports betting company (SBET), has achieved a historic milestone by surpassing the Ethereum Foundation to become the world’s largest corporate holder of Ether (ETH). As of July 13, 2025, SharpLink’s ETH treasury reached 280,706 ETH, valued at approximately $840–$858 million depending on market prices1 23.

Key Milestones

Record-Breaking Holdings: SharpLink now holds 280,706 ETH, overtaking the Ethereum Foundation, which holds approximately 196,354 ETH1 24.
Aggressive Accumulation: The company boosted its ETH holdings by purchasing 74,656 ETH between July 7 and July 13, 2025, at an average price of $2,852 per ETH1 53.
Funding Strategy: These acquisitions were enabled by a $413 million At-The-Market (ATM) share offering conducted July 7–11, 2025. Over 24.5 million shares were issued during this period1 53.
Unprecedented Treasury Focus: SharpLink has now adopted Ethereum as its primary treasury reserve asset, with 99.7% of its ETH holdings staked to maximize yield, earning approximately 415 ETH in staking rewards since June 2, 20256 5 78.
Remaining Cash for Expansion: As of July 13, 2025, about $257 million from the ATM share sale remains available for further ETH acquisitions1 25.

Strategic Motivations

Pivot to Crypto: SharpLink’s Ethereum acquisition strategy began in May 2025, backed by a $425 million private placement led by Consensys and several major crypto investment firms910.
Leadership and Confidence: The initiative is steered by company chairman Joseph Lubin, co-founder of Ethereum, indicating confidence in the long-term value and functionality of the ETH ecosystem1110.
Market Impact: SharpLink’s stock price surged up to 10% following the announcement, and the company’s ETH-focused treasury strategy has seen its stock appreciate almost sixfold in a matter of weeks1 310.

Comparison Table

Entity	ETH Holdings	Approx. USD Value	Notes
SharpLink Gaming	280,706	~$840–$858M	Largest corporate holder, 99.7% staked1 3 8
Ethereum Foundation	196,354	~$591–$665M	Foundation for Ethereum blockchain1 2 3

Industry Implications

Corporate ETH Treasury: SharpLink’s move marks the largest corporate bet on Ethereum, ahead of even the entity responsible for the development of Ethereum itself. This sets a new precedent in the intersection of traditional public markets and decentralized finance1 24.
Staking Strategy: By staking nearly all its ETH, SharpLink aims to generate steady returns, demonstrating institutional confidence in Ethereum’s proof-of-stake model and its long-term viability as a treasury reserve asset6 5 78.

Notable Transactions

Direct purchase of 10,000 ETH from the Ethereum Foundation.
Major acquisitions from trading desks like Galaxy Digital and Coinbase Prime111.

SharpLink Gaming’s achievement as the largest corporate holder of Ether signals a new chapter in crypto adoption in public markets. The company’s ongoing strategy—highlighted by aggressive ETH accumulation, significant capital raises, and tight integration into the Ethereum ecosystem—underscores both the growing importance of digital assets to corporate finance and the confidence of established market participants in the future of blockchainture of blockchain technology3 1213.