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Sharplink Gaming, a Nasdaq-listed company that has been on the agenda for a while with its Ethereum ($ETH) purchase, announced that it has purchased $ETH again.
Accordingly, the Nasdaq-listed company purchased 74,656 $ETH worth $156 million at an average price of $2,852 between July 7 and 13.
With this acquisition, SharpLink Gaming (SBET) increased its treasury to 280,706 $ETH, surpassing the Ethereum Foundation.
Accordingly, SharpLink Gaming has become the world's largest institutional Ethereum holder, surpassing the holdings of the Ethereum Foundation, which holds 196,354 $ETH worth approximately $591 million.
The company also purchased 10,000 $ETH directly from EF last week.
SharpLink added that since adopting Ethereum as its primary treasury reserve asset, it has staked 99.7% of its assets and earned 415 $ETH in rewards, including 94 $ETH earned last week.
SharpLink becomes the largest $ETH holding among institutional entities
Between July 7 and July 13, SharpLink purchased approximately 74,656 $ETH for approximately $213 million at an average price of $2,852 per $ETH.
Total assets currently stand at ~280,706 $ETH
Approximately 99.7% of $ETH has been staked, and approximately 415 $ETH has been earned since June 2nd
$ETH Concentration has increased by approximately 23% since June 13th.
SharpLink Gaming is among the companies that have been accumulating $ETH using the strategy of the biggest Bitcoin bull Strategy.
NEW: SharpLink becomes the largest $ETH holder among corporate entities
Between July 7 and July 13, SharpLink acquired ~74,656 $ETH for ~$213M at an average price of ~$2,852 per $ETH
Total holdings now stand at ~280,706 $ETH
~99.7% of $ETH is staked, earning ~415 $ETH since June 2… pic.twitter.com/2yknUWgkLJ
— SBET (SharpLink Gaming) (@SharpLinkGaming) July 15, 2025
*This is not investment advice.