TLDR
- SharpLink Gaming’s Ethereum holdings surged by 79,949 ETH, bringing its total to 360,807 ETH, a 29% increase in just one week.
- Despite record Ethereum purchases, SharpLink’s SBET stock dropped 1%, showing limited market optimism amid ETH’s $3,700 price.
- SharpLink now holds 360,807 ETH, maintaining its lead as the largest corporate ETH holder, but faces growing competition from Ether Machine.
- SharpLink Gaming’s digital treasury strategy has increased its ETH concentration to 3.06%, up 53% since June 2025.
SharpLink Gaming has made a notable move in the cryptocurrency market, significantly increasing its Ethereum (ETH) holdings to 360,807 ETH. The company purchased nearly 80,000 ETH last week, marking a major milestone in its digital asset strategy.
Despite this substantial acquisition, SharpLink’s stock, SBET, saw a slight dip, dropping nearly 1%. The news comes at a time when Ethereum has surged to a six-month high, but competition is rising from other corporate ETH holders.
SharpLink Gaming Boosts Ethereum Holdings to 360,807 ETH
SharpLink Gaming’s recent Ethereum purchase has solidified its position as the world’s largest corporate holder of the cryptocurrency. The company acquired 79,949 ETH, valued at $258 million, during the week of July 14 to July 20, 2025.
The average purchase price was $3,238 per coin, marking an increase of 29% in ETH holdings compared to the previous week. As of now, SharpLink owns a total of 360,807 ETH, and the company’s ETH concentration has reached 3.06%, reflecting a 53% increase since it began its digital treasury strategy.
The rise in ETH holdings comes after Ethereum reached a six-month high of $3,800, offering SharpLink an advantageous market position. The company has strategically leveraged its At-The-Market (ATM) facility to boost its Ethereum reserves.
$SBET – SharpLink’s ETH Holdings Increase to 360,807 as of July, 20, 2025; Generated 567 ETH in Staking Rewards Since Treasury Strategy Launch on June 2, 2025
— TradeXchange (@TheTradeXchange) July 22, 2025
These efforts are aimed at strengthening its digital treasury and supporting long-term growth strategies. SharpLink’s CEO, Joseph Lubin, stated that the firm is focused on acquiring ETH at opportunistic prices, enhancing shareholder value through disciplined execution.
Rising Competition Threatens SharpLink’s ETH Dominance
SharpLink Gaming’s position as the largest corporate holder of ETH is now under threat, with new players entering the space. One such competitor is Ether Machine, which plans to launch with over 400,000 ETH on its balance sheet.
This development could push SharpLink into second place. Additionally, BitMine Technologies holds over 300,000 ETH, further intensifying the competition. While SharpLink currently leads, the entry of these players highlights the growing interest in Ethereum as a treasury asset among corporate entities.
Despite the increasing competition, SharpLink continues to build on its Ethereum strategy. The company’s consistent acquisitions and rising staking rewards demonstrate its commitment to growing its ETH holdings.
The strategy not only positions SharpLink as a major player in the Ethereum space but also aligns with its broader goals of leading innovation in the gaming and sports betting industries. The focus remains on Ethereum’s security, scalability, and smart contract utility as key drivers of SharpLink’s long-term plans.
Regulatory Clarity and Strategic Growth
The passage of the Genius Act, a recent piece of legislation, has provided much-needed regulatory clarity for digital asset companies like SharpLink. The law establishes a clear framework for digital assets, including Ethereum, which is expected to foster institutional adoption.
Joseph Lubin, Chairman of SharpLink, emphasized that the act eases regulatory uncertainty, creating a more supportive environment for companies to operate and grow. The new regulations are expected to unlock further opportunities for innovation, investment, and adoption in the blockchain and crypto sectors.
SharpLink’s approach to Ethereum accumulation is also influenced by the regulatory environment. As the SEC recently classified Ethereum as a commodity rather than a security, this decision paves the way for institutional investors, including pension funds, to invest in Ethereum directly.
The regulatory clarity provided by the Genius Act aligns with SharpLink’s growth strategies, reinforcing the company’s commitment to expanding its digital asset holdings while navigating the evolving landscape of cryptocurrency regulations.
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