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SharpLink Increases Ethereum Reserve to 360,807 ETH

source-logo  coinpaper.com 23 July 2025 01:52, UTC
  • The company led by Ethereum co-founder Joseph Lubin has purchased 79,949 ETH.
  • Its portfolio has now grown to 360,807 ETH.
  • SharpLink Gaming launched its Ethereum strategy in early June 2025.

SharpLink Gaming, the world's largest corporate holder of Ethereum, announced that its holdings reached 360,807 ETH as of July 20, 2025, up 29% from the previous week.

According to the weekly report, the company purchased 79,949 ETH at an average price of $3,238, marking the largest weekly purchase volume in its history. Since the launch of its digital treasury strategy on June 2, 2025, SharpLink has also received 567 ETH in staking rewards.

It is worth noting that in June, SharpLink acquired more than 176,000 ETH for $463 million and became the largest public owner of Ethereum. At the same time, $96.6 million received under the At-The-Market (ATM) program has not yet been used for purchases and will be deployed to further increase crypto reserves.

Thus, SharpLink's unrealized profit amounts to more than $1.3 billion.

coinpaper.com